Principles of Cost Estimating

Principles of Cost Estimating

This course covers the principles, practices, and procedures for preparing cost estimates by using a step-by-step methodology, which is compliant with government regulations. The pitfalls, problems, mistakes, and inaccuracies that can occur in cost estimates and can determine the difference between success and failure are discussed. Topics include the basic steps required to develop industrial engineering estimate types, labor hour and material based, parametric cost estimates, the preparation of software and development task estimates, computer tools and models used in estimate preparation that are acceptable to the DCAA, and documentation required by Federal Acquisition Regulation Part 15. Lectures and student exercises.

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