Course Summary
Credit Type:
Organization's ID:
BCF 132
9.5 days (53 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Accounting, Management, or Business Administration


The course objective is to expand on the techniques learned in the Fundamentals of Cost Analysis (BCF 130), this course focuses on developing cost estimates with an emphasis on life cycle cost estimates. Learning methodologies include interactive presentations, group discussion, cost analysis using MS Excel, and a continuing exercise of a Major Defense Acquisition Program; expose students to current developments in data collection.

Learning Outcomes:

  • Describe and apply the activities performed during normalization
  • Explain the process of performing an analogy
  • Describe the concept of earned value management
  • Given a data set, apply descriptive and inferential statistics
  • Apply simple linear regression (SLR) analysis in developing cost estimating relationships
  • Apply non-linear regression in developing cost estimating relationships
  • Apply the unit cost learning theory
  • Describe common techniques to perform cost risk and uncertainty analyses
  • Apply activities necessary to convert the cost estimate into a budget estimate.
  • Explain the activities involved with the various steps of the cost estimating process
  • Apply activities necessary for data collection

General Topics:

  • Cost estimates
  • Cost analysis
  • Data collection
  • Earned value management
  • Cost learning theory
  • Cost risk and uncertainty analysis
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Classroom Exercise
  • Discussion
  • Learner Presentations
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Case Studies
  • Presentations
  • Quizzes

Minimum Passing Score:

Supplemental Materials