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White graduation cap icon BCE 2060V  Applied Risk and Uncertainty Analysis

Applied Risk and Uncertainty Analysis

This Virtual Instructor-Led Training (VILT) teaches students how to apply risk & uncertainty analysis using the Cost Informed by Schedule Method (CISM) in accordance with the Joint Agency Cost Schedule Risk and Uncertainty Handbook. The course helps students develop reliable and credible cost estimates using numerous hands-on exercises utilizing Excel and a Monte Carlo simulation tool as well as a case study designed to develop critical thinking skills.

REQUIRED PREREQUISITES

Required:
  • BCE 0420 Introduction to Risk and Uncertainty
  • BCE 1000 Fundamentals of Cost Estimating or Completion of both BCF 106, Fundamentals of Cost Analysis & BCF 107, Applied Cost Analysis
See the Notes section of this course's concept card for recommended prerequisites.

PREDECESSOR COURSES

TARGET AUDIENCE

Cost Estimators and other acquisition personnel interested in understanding how to conduct Risk and Uncertainty Analysis.

NOTES

POINTS TO BE DETERMINED APPROXIMATELY 30 DAYS POST DEPLOYMENT.

Recommended Prerequisites:
  • BCE 0010 Introduction to Cost Modeling
  • BCE 2000V Intermediate Cost Estimating
Additional Information:
  • Virtual classes are conducted via MS Teams.
  • All times are in the local time zone of the DAU region assigned to teach the offering.
  • Students are required to test connectivity with DAU IT prior to the class start date.
  • DAU does not reimburse student phone/internet charges.
  • The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).