Cost Estimation III: Risk and Uncertainty Analysis

Course #OS4012

Est.imated Completion Time: 3 months

Overview

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

Prerequisites

  • OS3080
  • OS3701
Offerings database access
Asset Publisher

Academic Calendar

  •  06 Jun 2023

    Spring quarter pre-graduation awards ceremony

  •  09 Jun 2023

    Spring quarter last day of classes

  •  13 Jun 2023

    Spring quarter final examinations begin