GAO Best Practice
GAO-103
GAO Cost Guide – Risk-adjusted cost estimates
Pre-requisite(s):
GAO-102
Qualification Earned:
Certificate and Continuing Education Credit
In-class Duration:
1 day
Description
Awareness overview of GAO standards for developing risk-aware and risk –adjusted life cycle cost and program segment cost estimates. Attendees will understand best practice guidelines and audit criteria used for GAO program reviews and audits of cost credibility. The GAO Cost Estimating and Assessment Guide has implemented a four-aspect set of criteria for scoring program cost credibility.
Designed for Audience(s)
Engineers, business analysts, systems analysts and similar professionals wanting better understanding of the requirements and impact of the GAO Cost Estimating and Assessment guide on their organization. This module addresses the processes recommended for developing effective “risk-adjusted cost estimates”. This course is designed to provide organizations facing upcoming audits to benefit from direct experience in the GAO Expert Meetings attended regularly since 2005
Key Things You Will Learn
Elements of sensitivity analysis. Cost risk and uncertainty. Developing and using and probability-based range of potential costs. Use of probability based cost estimates for success-oriented budgeting. Validating the estimate and GAO recommended practices for documenting and communicating the estimating process results.
Course Format(s)
Executive format | Basic Concepts | Application and Analysis | Potential for Virtual |
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null | ✔ | null | ✔ |
FAQ and Standard Pricing
Can this course be bundled with other related courses?
With all of the GAO-101-104 series.