Cost Analysis

Cost Analysis

Program Description

The Department of Systems Engineering and Management offers the Master of Science in Cost Analysis (GCA). The GCA program is designed to advance the knowledge and creative problem solving skills needed to effectively estimate program resources within the global military, U.S. Department of Defense (DoD) and the United States Air Force environments. The curriculum integrates a strong foundation in quantitative concepts and techniques with specific military cost-related topics to prepare students to contribute effectively in a variety of complex and challenging roles in the global military arena. Besides the weapon system cost sequence, the curriculum includes courses in mathematical methods, quantitative decision-making, economics, cost management, risk, systems engineering and maintenance and production management.

Admissions Requirements

Degree Required: Bachelor's degree in Business, Economics, Finance or Math preferred

Mathematics Required: Calculus (but not necessarily including) differential equations and at least one course in statistics.

Test Required: GMAT 550 (28 Verbal, 37 Quantitative, 4.5 Analytical Writing); GRE 153V/148Q (within the last five years)

GPA Required: Overall - 3.0; Mathematics - 3.0; Major - 3.0 

Waivers to the above criteria may be granted on a case-by-case basis. Therefore, individuals whose academic credentials fall below any of the above criteria are encouraged to apply.

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Outcomes & Objectives

Program Educational Objectives (PEOs)

  • Program graduates are well-prepared to use analytical techniques to make significant progress toward solving problems of interest to the Air Force, DoD and Homeland Security
  • Graduates will be independent, trusted advisors in proposing, developing, and implementing policy as judged by their immediate supervisors in the areas of financial management, cost estimation, and cost analysis as a result of excellent and consistent application of decision making and research tools to real issues confronting the staff


Program Outcomes (POs)

  • Effectively communicate using both oral and written communications
  • Understand and apply concepts and techniques of descriptive and inferential statistics to analyze problems under conditions of risk and uncertainty
  • Understand and apply concepts, methods, and tools related to cost estimating in a program acquisition context
  • Understand and apply concepts from a wide range of business disciplines within the specific context of DoD resource estimation
  • Conduct and present methodical research to creatively solve complex and ambiguous problems and support resulting decisions with appropriate documentation

Degree Information

Degree Type: Master's

Delivery Method: In-Residence

Degree Requirements

  • Cost Specialty Core (24 hours)
  • Analytic Core (12 hours)
  • Thesis research (12 hours)

Graduate School Catalog

Faculty Research Areas

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Air Force Institute of Technology
2950 Hobson Way
Wright-Patterson Air Force Base, OH 45433-7765
Commercial: 937-255-6565 | DSN: 785-6565