CON 7140V Advanced Cost Modeling

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iCatalog Home CON 7140V Advanced Cost Modeling
(Last Modified:17-May-2022)


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CON 7140, Advanced Cost Modeling, is a virtual instructor led training (VILT) course that is part of the Advanced Cost and Price Analysis (CCON 001) and Pricing Tools and Techniques (CCON 017) Credentials. This course describes the role that cost models play in the overall acquisition process, with a workbook that provides an in-depth walkthrough of the Cost Model building process. Students will be challenged to demonstrate their ability to develop a Proposed Cost Model along with a Government Objective Position. This course illustrates the importance of cost models and Cost Estimating Relationships (CERs), and ways to gain efficiencies when creating a cost model in today’s agile environment.
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Target Attendees
Civilians and military equivalents (GS-9 and above) with at least 2 years of experience in the Contracting functional area (specifically 1102s). This course is recommended for Price Analysts, Contracting Officers, Contract Specialists, Defense Contract Audit Agency (DCAA) auditors, and Defense Contract Management Agency (DCMA).
Required: None

Highly Recommended:
  • CON 7310V - Cost Analysis (Available Qtr 3 FY22)
Predecessor Course(s)
Predecessor Predecessor Course Title PDS Code Expires On
None None None None
Course Length
10 days
Additional Course Information
Delivery Mode Virtual Instructor Led Training
Equivalent Courses None
ACE Recommended Credits None
Walk-ins Authorized No
Pre-work required Yes [approx. 1 hour(s)]
First Offering 2/14/2022
Continuing Education Units  
Continuous Learning Points  
Reservist Retirement Points  
Historical Allocations Mouse Over for Past CEU/CLPs
Fulfillment Eligible N/A
Technical Requirements Click Here
  • Attendees should have a basic knowledge of Microsoft Excel and a good understanding of Cost Analysis and the individual cost elements in FAR Table 15-2. For those who don't, consider taking CON 7310V and the other courses in the CCON 001 series, as available.
  • Virtual classes are conducted via MS Teams.
  • Students are required to test connectivity with DAU IT prior to the class start date.
  • DAU does not reimburse student phone/internet charges.
  • The Pre-Course Assessment should be completed before Day 1.
  • Failure to complete the Proposed Cost Model by 11:59 pm on Day 3, will result in removal from the course. This is the foundation for the remaining assignments, therefore, failure to complete this on time will hinder a successful outcome.
  • This course will consist of synchronous and asynchronous portions.
Time Commitment
  • There will be 2-hour Instructor-led trainings in MS Teams each morning. Attendance is required to pass the course.
  • There will be Optional Virtual Open Office Hours conducted in MS Teams based on the following schedule: Open Office Hours: Day 2, 3, 4, 5 - Est. 1 hr/day (assumes partial attendance)

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