In this FAC-P/PM Progressive Business, Cost & Financial Management certification training course, you gain the practical skills to coordinate the development of, oversee, evaluate and critique an Earned Value Management (EVM) program linked to risk management.
Successful projects rely on comprehensive, integrated management principles, tools, and techniques. In this FAC-P/PM Progressive Business, Cost & Financial Management certification training course, you gain the practical skills to coordinate the development of, oversee, evaluate and critique an Earned Value Management (EVM) program linked to risk management.
This FAC-P/PM EVM course will also teach you to apply best practices in planning, programming, and budgeting. Learning Tree’s FAC-P/PM training has been fully verified by the Federal Acquisition Institute (FAI).
Progressive Business, Cost & Financial Management Course Benefits
In this FPM 331 course, you will:
Direct and manage the application of Earned Value Management (EVM) techniques to federal projects.
Integrate technical, cost, and schedule performance measurements.
Oversee the program cost-estimating and budget process.
Institute EVM baselines and interpret EVM performance trends.
Manage the Integrated Baseline Review (IBR) process.
Prerequisites
Four years of program or project management experience, which shall include a minimum of one year of experience on Federal programs and projects within the last ten years.
Certification Information
FAC-P/PM certification is awarded at the agency level, and requirements vary by agency.
Progressive Business, Cost & Financial Management Course Outline
Module 1: Reducing the Complexity of Acquisitions with EVM and Cost Analysis
The value of EVM
Evaluating the importance of EVM and cost estimating
Estimating the benefits of EVM and cost estimating
Establishing a plan to implement advanced EVM and cost-estimating techniques
Module 2: Defining the Needs of the Program
Assessing EVM readiness
Evaluating advanced EVM Senior/Expert competencies
Planning the resource needs for management
Planning for an EVM program linked to risk
Improving performance
Eliminating defects with BPR methods
Instituting EVM baseline reviews
Conducting financial planning and execution reviews
Module 3: Incorporating GAO Cost-Estimating Best Practices
Analyzing the 12 critical steps
Defining the purpose of the estimate
Developing the plan and defining program characteristics
Outlining ground rules and assumptions
Developing a point estimate and comparing it to an independent cost estimate
Gathering data
Identifying ground rules and assumptions
Conducting sensitivity, risk, and uncertainty analyses
Documenting the estimate
Presenting the estimate for management approval
Updating the estimate to reflect actual costs and changes
Module 4: Maximizing Program Results
Comparing methods of cost estimating
Discussing life cycle cost-estimating methods
Module 5: Advanced Earned Value Management Principles
Adopting EVM policies and standards
Translating an EVM legal and regulatory framework
Recognizing and applying OMB policies
Reviewing and applying ANSI/EIA-748 standards
Understanding, assessing, and evaluating EVM methodologies
Implementing advanced EVM techniques
Applying EVM to integrate technical, schedule, and cost performance
Creating program status reports for stakeholders
Interpreting graphic trend analysis
Module 6: Reviewing Financial Reporting and Oversight
Conducting data analysis
Evaluating the data selection
Collecting, processing, maintaining, transmitting, and reporting data on financial events
Supporting financial planning and budgeting activities
Improving complex reporting
Accumulating and reporting cost information
Reporting to senior management
Module 7: Providing Guidance on Planning, Programming, and Budgeting Systems
Effective EVM and cost estimates to guide planning, programming, and budget systems processes
Appraising the program budget development process
Critiquing allocation of funds within appropriations categories
We believe in the power of developing others to have a strong impact on careers, competence, and culture.
By helping others learn new skills and technologies, we empower individuals to support organizational growth. It’s why more than 65,000 organizations around the world have trusted Learning Tree to develop leadership and critical skills training programs to 3 million professionals worldwide.
We understand that the rapid pace of today's business and technological demands requires a learning approach that meets both individual and organizational needs.
In addition to boasting the world's largest collection of partnered content, proprietary courses, and certification resources, we have a global instructor pool of 500+ real-world experts.
We offer tailored learning solutions that produce quantifiable results to organizations around the world. Our learning ecosystem is designed to support the integration of learning into the developmental process, and is constantly evolving to meet technological advances and individual learning needs.
Core Values
The Cost Management Plan establishes how cost on the project will be managed and is primarily concerned with the cost of the resources needed to complete project work.
If the idea of creating a budget for your business, department, or project seems overwhelming, this course will alleviate all of those fears.
Budgets are the foundation of nonprofit finance and are vital to your organization’s strategic planning and management. Budgeting can seem overwhelming, but it doesn’t have to be.
In this course, you will learn the skills you need to effectively establish and manage a realistic schedule and detailed budget. Through hands-on exercises, you'll learn to develop an integrated budget and schedule while monitoring project performance during execution.
In this two-day course, attendees will apply proven techniques to case studies and learn how to ask the right questions and tackle technical matters. By following the skills learned in Controlling Construction Costs, participants can direct and regulate many aspects of construction activity.
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