| Description |
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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.
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Objectives
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Download Course Objectives
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Target Attendees
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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.
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Prerequisite(s)
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Required:BCF 132, Applied Cost Analysis
CLB 042, Cost Risk and Uncertainty Analysis
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Predecessor Course(s)
(Acceptable substitutes for meeting current course prerequisite and certification standards)
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| Predecessor |
Predecessor Course Title |
PDS Code |
Accepted Until |
| BCE 206 |
Cost Risk Analysis |
Q2C |
INDEF |
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N/A |
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INDEF |
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Course Length
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3.5 class days
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Additional Course Information
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| Delivery Mode |
Resident |
| Equivalent Courses |
None |
| ACE Recommended Credits |
YES |
| PDS Code |
Q2C |
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Current CEU, CLP and RRP |
Click here for Previous Allocation |
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Continuous Education Units |
2.2 |
| Continuous Learning Points |
22 |
| Reservist Retirement Points |
0 |
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Notes
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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.
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