Cost Estimating

Course ID

COST EST-EL

Continuous Learning Points (CLPs)

16

Course Length

2 Days

Modality

In-Person 

Virtual

Rating

Testimonial

"I will be able to apply all the material and techniques on a regular basis as part of my daily duties." – 2019 participant

Description

This two-day, elective course introduces the participant to various tools and techniques used to develop cost estimates. One of the first tasks involved in drafting contracts is to develop a documented and supported cost estimate. Included in the instruction are cost estimating concepts that help guide the program or contracting office through the cost estimating process.

Learning Objectives

• Define what is cost estimating, terms and concepts used
• Understand how to create a complete Work Breakdown Structure (WBS), which will often form the backbone of a cost estimate
• Complete several exercises which will reinforce cost estimating principles and techniques introduced

Pre-Requisites

None