CON 7140V Advanced Cost Modeling
 Description
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.
Objectives
Download Course Objectives
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).
Prerequisite(s)
Required: None

Highly Recommended:
  • CON 7310V - Cost Analysis
Predecessor Course(s) (Acceptable substitutes for meeting current course prerequisite and certification standards)
Predecessor Predecessor Course Title PDS Code Accepted Until
None None None None
Course Length
42 classroom hours over the course of 10 days
Additional Course Information
Delivery Mode  Facilitated/Online
Equivalent Courses  None
ACE Recommended Credits  None
PDS Code  HFW
Current CEU, CLP and RRP      Click here for Previous Allocation
Continuous Education Units  4.2
Continuous Learning Points 42 
Reservist Retirement Points 0  
Notes
  • 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.
  • This course will consist of synchronous and asynchronous portions.
Time Commitment
  • There are two Mandatory Instructor-led trainings where Attendance is required to pass the course: Day 1 (3 hours) and Day 2 (2 hours).
  • There are two other Instructor-led trainings where Attendance is not required to pass the course: Day 6 (3 hours) and Day 9 (1 hour).
  • There will be Optional Virtual Open Office Hours conducted in MS Teams based on the following schedule:
    • Open Office Hours: Day 3, 4, 5, 6, 7, 10 - Est. 1 hr/day (assumes partial attendance)