The process of estimating the cost for the development and delivery of a product, service, or solution can range from simple to highly complex based upon multiple factors including: technology maturity, urgency, geographic location, quantity, quality, and availability of resources, hardware and software, systems integration and more.

This training will discussion of cost estimating and contract pricing with extensive use of tools, techniques, and best practices from both the public and private sectors.

Key topics of discussion include:

• Characteristics of Credible Cost Estimate
• Primary Cost Estimating Methods/Criteria
• GAO 12 steps to High-Quality Cost Estimating Process
• Major Risk in Developing Cost Estimates
• Cost Estimating Fundamentals
• Profit Analysis Tools and Techniques
• Example of Pricing Strategies