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 functional area/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
Highly Recommended: None
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
  • Recommended: A good working knowledge of Microsoft Excel prior to registering for this course.