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BCF 330 Advanced Concepts in Cost Analysis
(Last Modified:06-Feb-2017)

Description

UNDER DEVELOPMENT

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

UNDER DEVELOPMENT

Download Course Objectives

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, 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
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)	N/A

Continuing Education Units	0
Continuous Learning Points	0
Reservist Retirement Points
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”.