In this Online Training (OLT) course, we will equip you to better understand risk when selecting contract type, developing your government objective, or constructing contract geometry on incentive contracts. We will look at guidance in FAR, DFARS, and DFARS PGI. This course will look at techniques for quantifying and measuring risk from sensitivity analyses to simulation tools. We will dispel the fallacy of summing the high, low, and most likely values in developing negotiation positions.

TARGET AUDIENCE

Any contracting professional who would like an understanding as to how risk affects our selection of contract type, geometry and price, and would like some techniques for quantifying risk. This course would be ideal for anyone planning to take CON7610 and CON7620 on incentive contracting.

OBJECTIVE

Download Course Objectives

NOTES

Additional Information:

• Any exams in this course must be passed with a minimum score of 80%.
• There is no time limit for completing this course.
• After completing the course, please be sure to complete the survey at the end.
• The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).