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Duration: 3 days
Price: $1299.00
24 PDUs (2.4 CEUs)

Group discounts available.

Associate degree, or global equivalent, plus 1-3 years of information and management systems experience.

The course covers:
- Theory and Application of the Cost & Price Analysis, and
- Hands on Exercises/Case Studies

The course will teach you tried and trusted cost and pricing tools and techniques and, make you a more efficient and effective leader.

Learning Objectives

• Introduction to the Case Study
• Introduction to Project Management
• Project Lifecycle
• Project Management and Stakeholders
• Project Management Office
• Market research
• Managing a Project's Scope
• Case Study: Market Analysis and Scope Definition
• Project Cost Code Structure
• Bill of Materials
• Planning Project Resources
• Cost principles
• Cost Planning
• Cost Classification and Identification
• Cost analysis process, players, initiatives,
• Direct and indirect costs
• Evaluating direct costs
• Indirect rates
• Cost Estimates
• Cost estimating relationships
• Cost volume analysis
• Calculating the total cost of ownership
• Annualizing costing, unit costing, life-cycle costing
• Applying VA/VE principals
• Cost volume profit, contribution income, breakeven analysis, capacity
• ABC Method
• Cost Accounting Standards (CAS)
• Cost Monitoring, Measuring and Control
• Case Study: Estimating project cost
• Fundamental quant problems
• Price indexing
• Shape, center, spread, trend
• Net Present Value (NPV)
• Differences between price and cost analysis
• Price analysis techniques
• Price related factors
• Facilities Capital Cost of Money (FCCOM)
• Profit (Weighted Guidelines)
• Sweep, certificate of current cost and pricing data
• Defective pricing
• Price/cost analysis review scenarios
• Case Study: Cost and Price Analysis (Make or Buy)
• Contracting with the government
• Truth in Negotiations Act (TINA)
• Contract types
• Contract financing
• Fundamentals of negotiation
• Face-to-face negotiation exercise
• Case Study: Contract Negotiation

Who should attend this course?
The course is designed for senior managers/engineers, project/portfolio/program/product managers, functional managers, team leaders, account managers, IT, HR, R&D, Sales/Marketing, Manufacturing, Procurement technical and business professionals, and students.

Method of Delivery

• Onsite/Live class instructions or Online web seminar
• Lectures
• Open discussion
• Case studies
• Surveys

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