BCF 206 Cost Risk Analysis
 Description
Cost analysts taking this course are given an overview of how to model the cost/risk associated with a defense acquisition program. Topics covered include basic cost risk concepts, subjective probability assessment, goodness-of-fit testing, basic simulation concepts, and spreadsheet-based simulation. Practical exercises and a small-group Monte Carlo simulation based cost risk case reinforce the techniques taught.
Objectives
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Target Attendees
Cost analysis career field personnel; acquisition members involved in the preparation, analysis, review, or approval of cost risk analyses for all levels of acquisitions and those wanting an understanding of how cost risk analyses are prepared and used.
Prerequisite(s)
Required:
  • BCF 132, Applied Cost Analysis
  • CLB 042, Cost Risk and Uncertainty Analysis
  • Predecessor Course(s) (Acceptable substitutes for meeting current course prerequisite and certification standards)
    Predecessor Predecessor Course Title PDS Code Accepted Until
    BCE 206 Cost Risk Analysis Q2C INDEF
    N/A INDEF
    Course Length
    3.5 class days
    Additional Course Information
    Delivery Mode  Resident
    Equivalent Courses  None
    ACE Recommended Credits  YES
    PDS Code  Q2C
    Current CEU, CLP and RRP      Click here for Previous Allocation
    Continuous Education Units  2.2
    Continuous Learning Points 22 
    Reservist Retirement Points 0  
    Notes
  • Two years of cost estimating experience and the completion of BCF 221 and 225 is recommended as well as a good working knowledge of Microsoft Excel prior to registering for this course.