Cost Analysis 101: Analyzing Direct Labor

If you've watched our first cost analysis session, it'll now be beneficial to learn about direct labor and its impact on cost analysis. In this session, you'll learn about the Cost Analysis Method, which consists of the following process steps: 

1. Trace effort to contract requirements. 

2. Understand the proposed basis of estimate. 

3. Develop an opinion of the estimate. 

4. Document your position in the cost analysis report. 

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