Cost Estimation III: Risk and Uncertainty Analysis

Course #OS4012

Est.imated Completion Time: 3 months


Risk and Uncertainty Analysis provides the foundation for an understanding of risk management as it relates to cost estimation. It addresses program risks that help ensure program costs, schedule, and performance objectives are met. Students are given an overview of how to model the cost/risk associated with a defense acquisition program. Topics covered include basic probability concepts, correlation, Cost drivers, subjective probability assessment, goodness-of-fit testing, and simulation concepts using spreadsheet-based simulation packages. Monte Carlo simulation based cost risk case reinforce the techniques taught.

Included in degrees & certificates

  • 289
  • 379


  • OS3080
  • OS3701
Offerings database access
Asset Publisher

Application Deadlines

  •  08 Jan 2024

    Spring Quarter applications due

  •  01 Apr 2024

    Summer Quarter applications due

  •  08 Jul 2024

    Fall Quarter applications due

Asset Publisher

Academic Calendar

  •  08 Dec 2023

    Last day of classes

  •  12 Dec 2023 – 14 Dec 2023

    Fall Quarter final examinations

  •  15 Dec 2023

    Fall Quarter graduation

See NPS Academic Calendar for more dates.