Cost and Price AnalysisThis 2-day Cost and Price Analysis program teaches participants the fundamentals of cost analysis techniques so they are better able to effectively evaluate supplier proposals and perform value analysis. We will define the concepts of price analysis, cost analysis, and best value. Examples of effective tools and techniques will be considered in the analysis of direct labor, materials, overhead, G&A costs, profit and profit margins. Learning curves and the sources of data to accomplish these types of analyses will be demonstrated. The importance of documenting the completed analyses, and the formats for conducting this work will be emphasized. Participants will have an opportunity to perform a self-assessment of their cost and price analysis skills and receive feedback through a series of company-specific cases and exercises.
Participants in the
Cost and Price Analysis
Program will be able to:
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