BMD Cost Analyst

Duties & Responsibilities

• The cost analyst is responsible for evaluating the financial implications of programs, projects, and acquisitions, by
• analyzing costs throughout their life cycle, including development, production, operation, and disposal, to provide
• decision-makers with data-driven insights on afford ability and resource allocation, often conducting cost-benefit
• analyses to inform critical decisions regarding new weapons systems, force structures, and operational strategies
• within the Army.
• This position supports FMS cases by developing cost estimates, performing cost analysis, analyzing alternatives, and
• supporting acquisition decisions by providing cost information to decision-makers during the acquisition process to
• ensure informed choices are made. The candidate develops and updates complex cost models to accurately forecast
• future expenses. They will work with program managers, engineers, logicians, and other personnel to gather data and
• understand project requirements.
• This candidate must have expertise in cost estimating techniques and methods including parametric analysis,
• analogous estimating, and detailed cost breakdowns. They must be proficient in using data analysis tools to collect,
• analyze, and interpret financial data. They must have strong communication skills. The candidate will create
• Independent Government Estimates (IGE) for various programs. The IGE is used during all phases of a program to
• include Life Cycle Cost and Total Operating Cost of a Services Acquisition project, as well as more limited estimates
• related to a subset of a current contract or even for a contract option period within an overall period of performance.
• It is: An aid in achieving best value and shared contract risk; Based on market research; An analysis of reasonable and
• required resources to perform the contract; The projected, anticipated, or probable cost/price of a proposed acquisition;
• and • A benchmark for establishing cost/price analysis.

Minimum Experience

Required Skills

• Creating Independent Government Estimates (IGE)
• Employing cost estimating techniques and methods including parametric analysis, analogous estimating, and detailed cost breakdowns
• Proficiency in using data analysis tools to collect, analyze, and interpret financial data Strong communication skills