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CON 7170V Analyzing Profit or Fee (Last Modified:29-Aug-2024)   Description ***This is an online Virtual Instructor-Led Training (VILT) course.*** Restrictions: This course is restricted to DoD Acquisition Workforce (DAW) government civilian and military students only. This Virtual Instructor Led Training (VILT) course is primarily self-paced with limited instructor availability. Determining profit or fee involves rewarding the contractor for performance and acceptance of risk. But what is a reasonable profit or fee for a given contract? Different individuals' perspectives may vary substantially on this question. That is why proper use of the structured approach required by the Federal Acquisition Regulation is so important. In this course, professionals will learn about this approach and the guidelines for developing a reasonable profit or fee position. In addition, participants will complete a series of simulations to guide them through the decisions required when filling out the DD Form 1547, Record of Weighted Guidelines Application. Emphasis is on critically thinking through risk and the rationale for selection decisions. This course may be taken as a standalone course. It is also a component of the Advanced Proposal Analysis - Indirect Costs, Profit, and Documentation Credential although we recommend taking the Advanced Proposal Analysis - Direct Costs and Cost Modeling first. Objectives Download Course Objectives Target Attendees All 1102s involved with cost analysis and acquisitions that require analysis of profit or fee using the DoD's structured approach. Prerequisite(s) None Predecessor Course(s) Predecessor Predecessor Course Title PDS Code Expires On None None None None Course Length 12 hours over the course of 5 days Additional Course Information Delivery Mode Virtual Instructor Led Training Equivalent Courses N/A Availability Defense Acquisition Workforce (DAW) Only PDS Code 03A Walk-ins Authorized Yes Pre-work required No First Offering 8/19/2024 ACE Recommended Credits None Continuing Education Units   1.3 Continuous Learning Points  13 Reservist Retirement Points  0 Historical Allocations Mouse Over for Past CEU/CLPs Fulfillment Eligible YES Technical Requirements Click Here Notes Additional Information: Students will be required to conduct a Tech Check to verify the third-party software is accessible on their device. 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. This course will consist of synchronous and asynchronous portions. The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).