| GAO Cost Guide - Risk-adjusted Cost Estimating and Budgeting |
One Day Training |
| Designed for: all involved in planning, reviewing or approving program plans, cost estimates, business cases and budget documentation for government programs. |
In-person, Class-room format, coming online |
| Keywords - GAO, Cost estimating, Analysis, Audit, Standards, EVM, E300, Risk |
Credit: 8 CLUs |
| Learning Objectives |
- Course is designed to provide FAC / P-PM Level 2 Proficiency for "Business, Cost Estimating & Financial Managment"
- This course is designed to benefit Federal Government employees as well as their support Contractors
- Understand GAO definitions for risk, uncertainty and sensitivity
- Understand the best practices and audit guidance for Agency compliance
- Review key case studies and findings GAO used to prioritize best practices
- Understand the process of assumption testing and sensitivity
- Understand the concepts and definitions of uncertainty and risk
- Understand the basic concepts related to risk-adjusted cost estimating
- Understand how to interpret risk-adjusted analysis results for program budgeting
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| Content / Agenda |
- Cost Guide Objectives and Structure
- Key Requirements Derived from Lessons Learned
- Defining Ground rules, Assumptions and Risk Factors
- Assumption Testing and Scenario Analysis
- Cost Risk Analysis - Fundamental Considerations
- Modeling Uncertainty and Risk
- Interpreting Risk-adjusted Estimates for Program Budgeting
- Linkages Between Risk-adjusted Cost Estimating and EVM Processes
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| Course Instructor |
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Bill Mathis, President CPIC Solutions, Federal CPIC Forum Board of Advisors, GAO Cost Guide Expert Panel Member and GAO Cost Guide Contributor |
| Mr. Mathis developed the materials and will lead this Professional Development event. Bill has over 25 years experience in program and portfolio cost, schedule, performance and risk management experience developed through service to numerous government and commercial customers worldwide. Bill is regularly asked to speak on a range of topics related to CPIC management processes and techniques at government and industry leadership forums. He was one of the Founding Members of the Federal CPIC Forum and is also an active advisor to the Government Accountability Office in the development of the Cost Estimating and Assessment Guide (GAO-09-3SP). |
