Description
This two-day elective course dives into what is cost and price realism, who performs it, and why it is important. This course will focus on what a cost analysis is and how to perform one. You will acquire knowledge of the various tools and resources available to assist you in conducting your analysis and establishing your pre-negotiation position. You will also learn cost and price realism steps and how to apply them to their projects. At the conclusion of this course, you will have developed the skills needed to make sound contracting business decisions by using the appropriate resources to locate necessary information.
Learning Objectives
- Identify the fundamentals, techniques, and factors of cost analysis
- Distinguish between price analysis, cost analysis, and cost realism analysis
- Follow the steps of cost realism analysis
- Learn how to manage cases of uncompensated overtime, flexibly priced contracts, and evaluating offers on other contracts
- Take the steps to prepare an audit
- Analyze direct labor, direct materials, and other direct and indirect costs
- Use cost analysis to apply successful negotiation techniques on behalf of the government
NCMA Competencies
A.1, A.3, B.1, B.2, B.4, B.5, B.6, C.1, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1, 2.2, 3.0, 3.1
Course ID
CPR-EL
Length
2 Days
CLPs
16
PDUs
16
Modality
In-person
Virtual
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