Cost Analysis 101: Basics of Cost Analysis

After learning about Price Analysis in our previous tutorials, we can now move on to understand more about the basics of Cost Analysis. While watching this tutorial, we'll provide the steps in a cost analysis process and go into detail about what each of them entails. These steps include: 

1. Conduct a proposal adequacy review. 

2. Document shortfalls in RF1 and send it to the supplier. 

3. Review responses and iterate as required. 

4. Write and submit a report. 

Watch the video below for further information.