Video Transcript

The purpose of these QMT courses is to provide you with specialized technical skills that you can apply to your job. As you go through the courses, you will explore key concepts and procedures involved in preparing Air Force cost estimates for weapon and information systems. A functional assessment of the cost career field identified critical knowledge gaps that became the genesis of the QMT course learning objectives. This course is designed to fill those identified “gaps” in Air Force cost analyst knowledge as well as to ensure integration of key cost analysis concepts into one set of course material. Several hands-on exercises are based on actual Air Force programs. They will challenge you to work towards a logical solution to a cost estimating problem. In these exercises, you’ll confront actual issues faced by these programs as well as other typical problems faced by cost analysts in their daily jobs. Beyond becoming familiar with the processes and tools used to prepare Air Force cost estimates, you’ll also learn about potential pitfalls you might encounter, and how to overcome those obstacles. This major theme throughout the QMT courses is to give students tools and techniques to overcome challenges such as estimating with uncertain requirements and technical baselines, lack of cost data, inadequate program risk assessments, and properly translating a cost estimate into a program budget. Once you complete the course, whether you plan to use this as a refresher of your existing skills or perhaps you’re learning some of these concepts for the very first time, you’ll have a greater depth of understanding and current knowledge of the topics important to the Air Force cost estimating community. I wish you the best in your cost analysis endeavors and success in your Air Force career.