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Course Catalog: Financial Management

21X 302


Online

This online course is presented from the perspective of logisticians preparing to assume their first unit command or leadership position and for other base-level logistics personnel with significant budget duties. It supplements, but does not replace training for additional duty Resource Advisors. It highlights both key fiscal law concepts and important procedural/practical issues unit commanders/leaders typically face.

21X 303


Online

This online course will provide students with foundational knowledge of Air Force working capital funds. It is designed for logisticians who are preparing to serve in a Working Capital Fund activity or in a role where they will interact with Working Capital Funds frequently.

21X 312


Online

This course is designed for Air Force maintenance and logistics officers and civilian equivalents, as well as SNCO’s who are assuming duties on a MAJCOM logistics staff as an action officer, to better understand and more effectively participate in programming and budgeting processes at that level.

21X 319


1 Offerings

This course is designed for Air Force logisticians who have recently or are about to assume duties involving leadership of supply and distribution activities associated with aircraft maintenance intermediate repair shops, or management of the shops themselves. Its purpose is to prepare those logisticians to more effectively support Air Force readiness by enhancing their understanding of how and why intermediate repair is incorporated in the logistics and sustainment engineering system. It reviews conceptual foundations of intermediate repair in logistics and sustainment system design, DoD and Air Force implementation policies, theoretical underpinnings of echelon and network approaches, and current Air Force initiatives with respect to integration of Air Force repair efforts.

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Online

This course introduces a series of courses that will provide Air Force AF cost estimators with the processes, techniques, and tools needed to execute the Integrated Cost Analysis required to develop accurate program cost estimates. Course Objectives: 1 Understand Integrated Cost Analysis processes, techniques, and tools contained in the eleven courses that cover this material in depth

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Online

This course explains what a WBS is, how to create a WBS and CES, and how to use them when developing Integrated Cost Assessments for Air Force Programs. Course Objectives: 1 Understand the WBS, 2 Understand what makes a WBS appropriate for a program, and 3 Understand how to use the WBS for a program

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Online

This course explains what Technical & Programmatic Baselines are and how to assessment them when developing Integrated Cost Assessments for Air Force Programs. Course Objectives: 1 Understand the purpose of Technical and Programmatic Baselines, and 2 Understand how to assess Technical and Programmatic Baselines

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Online

This course explains the importance of Data Collection, including the different types of data, what data is most useful, some of the best sources for cost estimate data, and how to Normalize historical data so that it can be used to estimate future costs when accounting for Inflation/Escalation. Course Objectives: 1 Understand the basic approaches for Data Collection, 2 Understand the importance of Normalizing data and selecting appropriate datasets for estimating, 3 Understand the basic Inflation/Escalation concepts, and 4 Understand the process for Normalizing data for Inflation/Escalation.

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Online

This course introduces the basics of Cost Improvement Curves, explains the two theories used for calculating Cost Improvement Curves focusing on the differences between them, and when each should be used. Course Objectives: 1 Understand the concept of Cost Improvement Curves versus learning curves, 2 Understand how to apply unit theory, 3 Understand how program changes cause Cost Improvement Curve changes, and 4 Understand advanced Cost Improvement Curve concepts, and 5 Understand how to apply cumulative average theory

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Online

This course explains the many different types of OGCs, where they appear in the different program phases, how to collect data on OGCs, and how to use this information when developing Integrated Cost Analyses. Course Objectives: 1 Understand the costs contained in Overhead Government Costs OGCs

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Online

This course explains how Wrap Rates are generated, what drives direct and indirect labor rates, the pitfalls associated with the application of contractor Wrap Rates when conducting Integrated Cost Analyses, and how to apply Air Logistic Complex ALC Wrap Rates. Course Objectives: 1 Understand contractor Wrap Rates, 2 Understand what drives direct labor rates, 3 Understand what drives indirect labor rates, and 4 Understand Air Logistic Complex ALC Wrap Rates and how they are applied

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Online

This course explains what O&S costs are, covers O&S maintenance costs on aircraft, missile systems, ground systems, and Automated Information Systems AIS, discusses O&S cost metrics, and concludes with how to assess the credibility of an O&S estimate. Course Objectives: 1 Understand O&S costs, 2 Understand O&S maintenance costs, 3 Understand the different cost metrics used in O&S, and 4 Understand how to assess the credibility of an O&S estimate

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Online

This course explains Time Phasing and its importance. It discusses the life cycle of appropriations, budget authority, and expenditures. It outlines three methods of Time Phasing: schedule/milestone, analogy, and parametric. In addition, it provides recommended sources of data for analogous programs. Course Objectives: 1 Understand Time Phasing estimates and their role in Integrated Cost Analysis, 2 Understand the difference between obligations and expenditures, 3 Understand how Time Phased estimates mature and vary across the program's life cycle, and 4 Understand how to differentiate between annual and multi-year funding.

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Online

This course explains how to properly Document the Integrated Cost Analysis process, what it entails and why its important for cost analysts to document their efforts on a continuous basis. It also provides recommendations for Presenting and defending a cost analysis. Course Objectives: 1 Understand the importance of Documentation, 2 Understand the typical structure of the Documentation for an Integrated Cost Analysis, 3 Understand how to effectively Present a cost analysis, and 4 Understand how to effectively defend a cost analysis

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Online

This course explains congressional and statutory Reporting Requirements to the Office of the Secretary of Defense-Cost Assessment and Program Evaluation OSD-CAPE and the Air Force Cost Analysis Agency AFCAA their roles in Cost Analysis Required Reporting processes and criteria for ACAT 1, 2, and 3 programs and Acquisition Program Baseline APB breach Reporting Requirements. Course Objectives: 1 Understand congressional and statutory Reporting Requirements, 2 Understand Required program Reporting and where the Cost Analysis fits within those reports, 3 Understand the typical cost Reporting vehicles to Air Force leadership, and 4 Understand Acquisition Program Baseline APB breach Reporting Requirements

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8 Offerings

WKLCL110 is intended to introduce the principles and practices associated with Department of the Air Force Supply Chain Risk Management (SCRM). The purpose of the workshop is to help develop a broader and more comprehensive understanding of how Air Force supply chains may be at risk, and to increase awareness of the emerging capabilities available to mitigate such risks. Areas of focus include supply chain basics, factors influencing supply chain risk, SCRM definition and relationship to other risk methodologies, the SCRM assessment process, and supply chain risks and mitigation tools & techniques.

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1 Offerings

This workshop is an outstanding opportunity for journeyman/senior- level cost practitioners to learn about issues and initiatives impacting their jobs as acquisition cost estimators. Due to the dynamic acquisition and cost estimating environments, along with cost estimators level cost practitioners to learn about issues and initiatives impacting their jobs as acquisition cost estimators, along with cost estimators’ busy schedules, cost analysts are challenged to keep up with the multitude of policy changes. This 3.5 day workshop covers many of the critical topics that impact accurate cost estimating. Topics will vary somewhat between each annual offering in order to address the most recent changes to policy and instruction. The workshop enables students to engage with various experts for the topics presented. Also, this workshop is a wonderful opportunity for students to learn from each other. Students benefit from exposure to the wide range of current topics in the acquisition and support arenas that helps them assess the impacts to their roles and responsibilities as cost estimators.

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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