Get on the waiting list!
Sign up now to be informed of the next available sessions.
Cost Analysis and Cost Realism
Course Length: Three Days
Cost analysis and cost realism refer to the process of independently reviewing and evaluating specific elements of a proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed, reflect a clear understanding of the requirements, and are consistent with the unique methods of performance and materials described in the offered technical proposal.
It is important that cost realism be performed and properly documented to demonstrate that the analysis is reasonably based and not arbitrary. Failure to do so can result in higher than expected costs and increased performance risk. This course melds cost and price analysis approaches with cost realism requirements, addressing both the differences and similarities of tools, methods and techniques.