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WSB 011 Practical Cost Benefit Analysis
(Last Modified:21-Apr-2015)

Description

A Cost-Benefit Analysis (CBA) is a structured method of quickly and concisely showing the costs and benefits of making a change with an emphasis on the quantifiable impact of making that decision. The course follows the methodology of the “US Army Cost Benefit Analysis Guidebook” with helpful hints and more detailed guidance on what to expect and how to avoid the most common failings. The office of the Deputy Assistant Secretary of the Army, Cost Estimating (DASA-CE) has reviewed and approved the course as meeting the intent of the CBA creation process that they will be evaluating proposals against. This course is very hands-on with more than half the time allotted to analyzing and working through examples and exercises. The majority of the exercises and examples come from unmodified, real world submissions to Army HQ that fell short of the ideal submission. We look at what was submitted, why it was flawed and what it would take to get it back on track. The course culminates in teams building a CBA that mimics a well-done, real submission. This is not a math course; it is a process building course. There is some math involved, but the emphasis is on the thought process that needs to be used to create an organized and coherent package.

Objectives

Overview of services view of terms, regulations and procedures

Creating an effective Problem Statement

Analyzing and creating problem centric Assumptions

Devising credible courses of action

Creating reasonable cost estimates

Developing and using rational decision criteria

Analyze results and refining the business case

Building an action oriented business case and presentation

Target Attendees

Anyone who has been assigned to write or is on a team writing a CBA or is a reviewer of CBA submissions.

Prerequisite(s)

None

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

3.5 Classroom days

Additional Course Information

Delivery Mode	Workshop
Equivalent Courses	None
ACE Recommended Credits	N/A
PDS Code	N/A
DAU Public (material/prework)	N/A

Continuing Education Units	0
Continuous Learning Points	28
Reservist Retirement Points	0
Historical Allocations	Mouse Over for Past CEU/CLPs

Notes

Fee-For-Service arrangements may be required.

To inquire about or request this course for your organization, click the Apply for Course button in the upper right corner.

The CLPs referenced above presume off-the-shelf delivery.