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Management Concepts

Fundamentals of Business, Cost, & Financial Management

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Next dates

Aug 5—7
3 days
Washington, District of Columbia, United States
USD 1609
USD 536 per day
Feb 10—12, 2020
Online
USD 1609
Apr 6—8, 2020
3 days
Washington, District of Columbia, United States
USD 1609
USD 536 per day
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Description

You will learn to relate the principles, methods, or tools for developing, scheduling, coordinating, and managing projects and resources. You will examine how to monitor and inspect costs, work, and contractor performance. This course is verified to meet the requirements for Federal Acquisition Certification for Program and Project Managers (FAC-P/PM) certification at the Entry-Level.

Learning Objectives

  • Outline the process for building a viable business case containing both qualitative and quantitative decision criteria
  • Describe key concepts relating to cost estimating
  • Describe the federal budgeting process
  • Allocate funds from each type of appropriation
  • Describe key concepts relating to EVM
  • Analyze various performance measures as a means of managing a program
  • Create an on-the-job (OTJ) action plan

Course Topics

Building Business Cases

  • Business Cases
  • Business Case Analysis (BCA)
  • Best Practices

Cost Estimating

  • Defining Cost Estimating
  • Cost Estimating in Acquisitions
  • Cost Estimating Considerations
  • Cost Estimating Principles
  • Cost Estimating Techniques
  • Accuracy & Confidence
  • Risk & Uncertainty
  • Impact of OMB Circular No. A-94

Federal Budgeting

  • Federal Budgeting Cycle
  • Types of Appropriations
  • Budget Submission
  • Agency Perspective

Allocating Funds

  • Budget Planning & Execution
  • Categories of Funds
  • Fiscal Law
  • Appropriation Life Cycle

Earned Value Management

  • What is EVM?
  • Context of EVM in the Federal Environment
  • Benefits of EVM
  • EVM Policies
  • EVM Data Elements
  • EVM and Risk

Performance Measures

  • Performance Measurement Overview
  • PMB
  • Performance Measurement Methods
  • Statutory Requirements
  • IBR Overview

Putting It All Together

  • Lesson Overview
  • Exercise: The Business Case
  • Exercise: Project Budget
  • Exercise: Federal Budgeting
  • Exercise: Earned Value Management
  • Exercise: Defining an Integrated Baseline Review (IBR)

Who should attend

This course is intended for new program and project management professionals seeking their FAC-P/PM Entry level certification.

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