| GAO Cost Guide - Fundamentals of Cost Estimating Best Practices |
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 objectives for its Cost Estimating and Assessment Guide
- Understand the structure of the Guide and locate best practice criteria within it
- Review key case studies and findings GAO used to prioritize best practices
- Understand the cost estimating process and linkages between activities
- Understand and Compare the options and considerations for Work Breakdown Structures
- Understand the basic concepts related to risk-adjusted cost estimating
- Understand how Earned Value Management is related to GAO best practices for cost estimating
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| Content / Agenda |
- Cost Guide Objectives and Structure
- Planning Requirements and Work Breakdown Structures
- Applying Ground rules, Assumptions and Data
- Estimating Approaches, Techniques and Trade-offs
- Point Estimate Characteristics and Requirements
- Considerations for Estimating Software Development Costs
- Audit Criteria for Cost Estimates
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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). |
