Progressive Business, Cost, and Financial Management

Management Concepts

How long?

  • 3 days
  • in person, online

What are the topics?

Management Concepts

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Who should attend

This course is intended for program and project management professionals seeking their FAC-P/PM Senior Level certification.

About the course

Learn to operationalize the principles, methods, and tools for developing, scheduling, coordinating, and managing projects and resources, including monitoring and inspecting costs, work, and contractor performance. This course is verified to meet the requirements for the Federal Acquisition Certification for Program a Project Managers (FAC-P/PM) certification at the Senior-Level.

Learning Objectives

  • Evaluate business/cost challenges in the federal system environment
  • Assess program cost estimating/analytical processes
  • Assess the business case analysis (BCA) process
  • Analyze needs for performance measurement
  • Describe the financial management plan for a program

Course Topics

Evaluating the Federal Acquisition Environment

  • Managing Business, Cost, and Financial Management Uncertainty
  • Total Life Cycle Systems Management
  • Assessing Business, Cost and Financial Management Analyses
  • Exercise: Business, Cost, and Financial Management Challenges
  • Performance Objectives Inventory

Estimating Program Costs

  • Estimating Costs
  • Basic Characteristics of Credible Cost Estimates
  • Cost Estimating Challenges
  • The Cost Estimating Process
  • Exercise: Review of the GAO-14-385 Report
  • Performance Objectives Inventory

The Business Case Analysis Process

  • Business Case Analysis
  • Federal Polices and Guidance for Building a Business Case
  • Exercise: Business Case Analysis
  • Performance Objectives Inventory

Program Performance Measurement

  • Earned Value Management (EVM)
  • Approaches for Earned Value Measurement (EVM)
  • The Integrated Baseline Review (IBR)
  • Performance Objectives Inventory

Federal Planning, Programming, and Budgeting

  • Financial Planning
  • Financial Policies
  • Agency and Government Policies
  • Budget Adjustments and Decisions
  • Exercise: Assessing the Budget Approval Process
  • Performance Objectives Inventory

Putting It All Together

  • Lesson Overview
  • Exercise: Evaluate the Business Case
  • Exercise: Oversee Program Costs and TLCSM
  • Exercise: Forecast Planning, Programming, and Budgeting
  • Exercise: Manage Program Performance
  • Performance Objectives Inventory

Progressive Business, Cost, and Financial Management at Management Concepts

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Full disclaimer.

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