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BCF 331





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iCatalog Home BCF 331 Advanced Concepts in Cost Analysis
(Last Modified:03-Apr-2019)

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Description
THIS COURSE REPLACES BCF 330 IN AUGUST 2019

Students will apply their skills in managing, leading and reviewing each step of the five-step process to prepare and deliver quality cost estimates. Students will participate in a continuing case study in the role of a senior cost estimator or supervisor to successfully guide a hypothetical cost team through a milestone review cost estimate. In addition to requiring students to employ cost estimating fundamentals, the case study involves making difficult but realistic judgement calls often faced by cost estimators in those positions. Emphasis is placed on critical thinking, analytical decision making and leadership.
Objectives
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Target Attendees
Senior level cost estimators
Prerequisite(s)
Required:
  • BCF 206, Cost Risk Analysis
  • BCF 216, Applied Operating and Support Cost Analysis
  • BCF 225, Acquisition Business Management Application
  • BCF 230, Intermediate Cost Analysis
  • BCF 250, Applied Software Cost Estimating
  • Predecessor Course(s) (Acceptable as a substitute for this course until the acceptance date specified below.)
    Predecessor Predecessor Course Title PDS Code Accepted Until
    None None None None
    Course Length
    5 class days
    Additional Course Information
    Delivery Mode Resident
    Equivalent Courses None
    ACE Recommended Credits None
    PDS Code  
    DAU Public (material/prework) N/A
    Continuing Education Units   0
    Continuous Learning Points  0
    Reservist Retirement Points  
    Historical Allocations Mouse Over for Past CEU/CLPs
    Notes
  • L Points are to be determined
  • 6 Years of Cost Estimating Experience is strongly recommended, as well as a solid grasp of both risk and uncertainty analysis, and statistical regression analysis, including inputs, analysis techniques and especially reviewing products. Students also need to be able to evaluate and analyze estimates that include Work Breakdown Structures, knowledge of cost reporting procedures, escalation, learning curves and presentations. Students must also have a working knowledge of Excel and @Risk. Read ahead material is available via DAU Public Blackboard.