• Identify and differentiate between cost types and analysis approaches
• Apply estimation techniques for accurate cost forecasting
• Develop and monitor budgets within contract frameworks
• Assess financial risks and incorporate lifecycle costing in decisions
• Utilize cost analysis for supplier evaluations and negotiation strategies

• Contract Managers
• Financial Analysts in Contract Management
• Procurement Professionals
• Budget and Cost Control Personnel

Module 1: Fundamentals of Cost Analysis

• Principles of cost analysis
• Types of costs in contracts
• Cost analysis vs. price analysis

Module 2: Cost Estimation Techniques

• Methods of cost estimation
• Estimating direct and indirect costs
• Accuracy in cost estimation

Module 3: Budgeting and Financial Planning

• Budget development in contract management
• Financial forecasting techniques
• Budget monitoring and control

Module 4: Lifecycle Cost Analysis

• Understanding lifecycle costs
• Application in contract decisions
• Benefit-cost analysis

Module 5: Risk Management in Cost Analysis

• Risk factors affecting costs
• Risk assessment techniques
• Mitigating financial risks

Module 6: Analyzing Cost Proposals

• Evaluating supplier cost proposals
• Negotiation strategies based on cost analysis
• Contract pricing models

Module 7: Cost Analysis in Decision Making

• Using cost analysis for strategic decisions
• Cost-value trade-offs
• Decision analysis tools

Module 8: Emerging Trends in Cost Analysis

• Advancements in cost analysis tools
• Global trends in cost management
• Future challenges in cost analysis

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.