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Description

In this course, cost estimating techniques learned in BCF 106 are applied in the development of cost estimates. Professionals will engage in guided discussions, investigate case scenarios, develop recommendations, and learn how to present their findings. Professionals will also explore techniques for using Excel and other computer applications to analyze data, develop cost-estimating relationships, and create supporting documentation.

Objectives

Download Course Objectives

Target Attendees

BCF 107 is required for DoD employees responsible for the preparation of materiel system cost estimates. It is also beneficial for individuals who use information from life cycle cost estimates, supervise cost estimators, prepare budgets based on life cycle cost estimates, manage acquisition programs, evaluate and negotiate contract proposals, or want to learn cost-estimating basics.

Prerequisite(s)

BCF 106, Fundamentals of Cost Analysis

Professionals need competence in algebra equal to a second-year high school algebra course.

Knowledge and how of a calculator that has natural logarithms, exponentiation, and an inverse key

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 101	Fundamentals of Cost Analysis	Q1A	INDEF

Course Length

4.5 class days

Additional Course Information

Delivery Mode	Resident
Equivalent Courses	None
ACE Recommended Credits	N/A
PDS Code	JH2
Additional Public Information	YES

Continuing Education Units	3
Continuous Learning Points	30
Reservist Retirement Points	0
Historical Allocations	Mouse Over for Past CEU/CLPs

Notes

Students should bring a basic calculator to class.

You should be comfortable with mathematical expressions and have a fundamental understanding of probability and statistics