Overview

This course involves the study and application of pricing theory and strategies, costing methods, cost and price analysis, cost principles, Cost Accounting Standards, and related genres in examining proposed and incurred costs in Federal contracts in both pre-award and post-award contexts. This course offers DAU equivalencies. May not require this for MSCM students with extensive field experience and existing CON Level I DAU certification or higher.

Included in Degrees & Certificates

• 238
• 835

Prerequisites

• MN3303
• Or similar introductory contracting principles course

Learning Outcomes

• Develop and employ fundamental understanding of pricing theory and pricing strategies.
• Understand and utilize fundamentals of cost principles, cost and price analysis, cost accounting standards, and profit issues.
• Calculate price/cost objectives using presented tools including, but not limited to, cost estimating relationships, indices, regression and statistical analysis, and improvement curve templates.
• Calculate a cost objective for direct material, direct labor, other direct costs, indirect costs, facilities capital cost of money, and profit/fee.
• Examine and analyze cost and/or pricing data and use applicable pricing techniques in determining price reasonableness.