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BCF 302 Advanced Concepts in Cost Analysis
(Last Modified:23-Feb-2016)

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Description
Advanced Concepts in Cost Analysis course is designed for mid to senior level cost estimators to apply their skills in developing and preparing 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 assessing credible, repeatable, and defensible cost estimates. 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
This course is for military officers, O-3 and above; DoD civilians, GS-12 and above; and equivalent industry personnel needing knowledge of cost estimating principles.
Prerequisite(s)
Required:
  • BCF 204, 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, Cost Data Sources

    Recommended:
  • BCF 205, Contractor Business Strategies
  • 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
    None None None None
    Course Length
    8.5 class days
    Additional Course Information
    Delivery Mode Resident
    Equivalent Courses None
    ACE Recommended Credits YES
    PDS Code JH7
    DAU Public (material/prework) YES
    Continuing Education Units   6.5
    Continuous Learning Points  65
    Reservist Retirement Points  0
    Historical Allocations Mouse Over for Past CEU/CLPs
    Notes
    Students need a good grasp of the material from the Level 1 and Level 2 coursework. 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”.
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