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| 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 course is designed to empower you with practical knowledge and hands-on experience to confidently tackle real-world scenarios. Through a blend of interactive lectures, case studies, and simulations, you'll develop a comprehensive understanding of the following objectives:
- Scenario-Based Proposal Analysis: You'll learn to apply appropriate proposal analysis techniques to ensure fairness and reasonableness in contract pricing. By dissecting various scenarios, you'll gain insights into effective evaluation methods.
- Market Evaluation and Customer Requirements: Understanding the market landscape is crucial. You'll explore how to assess initial customer requirements and analyze market dynamics to inform your proposal analysis effectively.
- Price Analysis Techniques: Dive deep into the price analysis techniques outlined in FAR 15.404-1(b) as supplemented by the DFARS and DFARS PGI. From comparison of prices to using parametric estimating techniques, you'll master a range of methodologies essential for substantiating fair and reasonable prices.
- Technical Analysis Support: Price analysis doesn't exist in a vacuum. You'll discover how to integrate technical analysis seamlessly into your price evaluation efforts, enhancing the depth and accuracy of your assessments.
- Unit Prices and Unbalanced Pricing: Learn to evaluate contractor proposals, dissecting unit prices and identifying unbalanced pricing techniques. This skill is invaluable for ensuring transparency and fairness in procurement processes.
- Substantiating Fair and Reasonable Prices: Armed with a robust toolkit of price analysis techniques, you'll be equipped to substantiate fair and reasonable prices confidently. Through practical scenarios, you'll learn to navigate complexities and make data-driven decisions.
This course isn't just about theory; it's about actionable insights that you can immediately apply in your professional journey. Whether you're a procurement specialist, contract officer, or cost/price analyst, mastering price analysis will set you apart in today's competitive marketplace.
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Objectives
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Download Course Objectives
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Target Attendees
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- Focus: New contract specialists who have completed their initial foundational learning courses.
- Broader: Contracting personnel in a diverse environment that utilize all proposal analysis techniques while performing their contract pricing work.
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Prerequisite(s)
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None
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Predecessor Course(s)
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| Predecessor |
Predecessor Course Title |
PDS Code |
Expires On |
| None |
None |
None |
None |
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Course Length
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Approximately 28 hours over course of 7 class days
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Additional Course Information
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| Delivery Mode |
Virtual Instructor Led Training
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| Equivalent Courses |
N/A |
| Availability |
Defense Acquisition Workforce (DAW) Only
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| PDS Code |
B4J |
| Walk-ins Authorized |
Yes
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| Pre-work required |
No
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| First Offering |
1/31/2022
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| ACE Recommended Credits |
None |
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Continuous Education Units |
2.8 |
| Continuous Learning Points |
28 |
| Reservist Retirement Points |
0 |
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Historical Allocations |
Mouse Over for Past CEU/CLPs
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| Fulfillment Eligible |
N/A
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| Technical Requirements |
Click Here |
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Notes
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Additional Information:
- If students are not familiar with Excel, please consider taking an Excel course such as HOS 0013 - Excel Skills for Business Intermediate I or other Excel learning assets located at DAU's Commercial Learning Opportunities website at DAU LMA. Students may also want to consider taking CON 7140V, Advanced Cost Modeling.
- Virtual classes are conducted via MS Teams.
- All times are in the local time zone of the DAU region assigned to teach the offering.
- Students are required to test connectivity with DAU IT prior to the class start date.
- DAU does not reimburse student phone/internet charges.
- The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).
- Price Analysis is one of two (8) day hybrid, virtual instructor led training (VILT) courses that make up the Proposal Analysis Credential. There will be a mandatory one-hour instructor led session on the morning of Day 1. Days 2-4 will be self-paced with office hours each afternoon for any questions. Students will use a workbook to guide them through simulations, videos, readings, and exercises. Day 5 will be a mandatory, instructor-led session which consists of individual activities and exercises. Days 6-8 will be mandatory instructor-led sessions. On Day 6, the instructor will answer any questions from the first week and introduce the assessment simulation. The assessment simulation will be completed over Days 6-8 with office hours in the afternoon. The assessment simulation will challenge students to demonstrate their ability to perform price analysis during a graded capstone exercise. Day 8 is the final day of simulation with mandatory remediation in the afternoon.
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