Principles of Cost Estimating
MGMT X 442.13
This course provides in-depth training on the principles, practices and procedures for preparing cost estimates in government contracts.
What you can learn.
- Develop understanding of the principles, practices, and procedures for preparing cost estimates in government contracts
- Identify the step-by-step methodology in developing cost estimates that are compliant with government regulations
- Recognize the pitfalls, problems, mistakes, and inaccuracies that can occur in cost estimating
- Assess the difference between success and failures in cost estimating
- Define the basic steps required to develop industrial engineering estimate types including labor, hour, and material using parametric cost estimating techniques
- Recognize the computer tools and models used in estimate preparation that are acceptable to the Defense Contract Audit Agency (DCAA) and respective documentation required by Federal Acquisition Regulation (FAR) Part 15