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BCF 330





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iCatalog Home BCF 330 Advanced Concepts in Cost Analysis
(Last Modified:14-Nov-2017)

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Description
The Advanced Concepts in Cost Analysis course is designed for senior level cost estimators to apply their skills in both developing and assessing the validity and accuracy of cost estimates for all ACAT Levels within the MAIS and MDAP designation. Students will use their critical thinking and analytical skills to execute all steps in developing and assessing credible, repeatable, and defensible Life Cycle Cost Estimates. Selected advanced cost estimating techniques and topics of interest will be taught. Case study driven practical exercises will require cost estimators to conduct research and perform leadership responsibilities in a small group decision-making environment.
Objectives
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Target Attendees
Senior-level personnel in positions supporting DoD weapons systems and various aspects of business and financial management throughout the life cycle of the system.
Prerequisite(s)
Required:
  • BCF 230, Intermediate Cost Analysis
  • BCF 206, Cost/Risk Analysis
  • BCF 215, Operating and Support Cost Analysis
  • BCF 225, Acquisition Business Management Application
  • CLB 023, Software Cost Estimating
  • CLB 026, Forecasting Techniques
  • CLB 029, Rates
  • CLB 030, Data Collection and Sources
  • 5 Years experience in acquisition Cost Estimating

    Recommended:
  • BCF 205, Contractor Business Strategies
  • BCF 250, Applied Software Cost Estimating (BCF 250 will be required in FY19 when this course is replaced by BCF 131)
  • EVM 201, Intermediate Earned Value Management Course
  • EVM 263, Principles of Schedule Management Course
  • 6 Years of Cost Estimating Experience
  • Predecessor Course(s) (Acceptable as a substitute for this course until the acceptance date specified below.)
    Predecessor Predecessor Course Title PDS Code Accepted Until
    BCF 302 Advanced Concepts in Cost Analysis JH7 01-Oct-2018
    Course Length
    8.5 class days
    Additional Course Information
    Delivery Mode Resident
    Equivalent Courses None
    ACE Recommended Credits None
    PDS Code ZZB
    DAU Public (material/prework) YES
    Continuing Education Units   5.6
    Continuous Learning Points  56
    Reservist Retirement Points  0
    Historical Allocations Mouse Over for Past CEU/CLPs
    Notes
    This course is inappropriate for students that do not have a solid grasp of the material from BCF 131, BCF 206 and BCF 230. Specifically, students need to be able to develop, evaluate and analyze estimates that include: escalation, statistics, learning curves, regression, cost factors, and risk analysis (models, formulas, inputs, analyzing, etc).

    Students must also have a working knowledge of Excel and @Risk, tools used in BCF204 and BCF206. Co$tat will be available on the computers for those who want to use it. BCF 302 includes a brief refresher of @Risk but not Excel or Co$tat. Read ahead material is available via DAU Blackboard and accessible above under “Additional Public Information”.