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FAC-P/PM Certification: Applications in Business, Cost & Financial Management (FPM 233)



Course Number



3 Days

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Knowledge of federal budget appropriations, Total Life Cycle Systems Management, and OMB A-11 processes allow for improved transparency, accountability, fiscal discipline, and performance. This FAC-P/PM certification training course offers the skills to conduct comprehensive program cost estimation, fund multiyear projects and validate program baselines.

Learning Tree’s FAC-P/PM training has been fully verified by the Federal Acquisition Institute (FAI).

You Will Learn How To:

  • Apply commercial and governmental accounting, cost-estimation techniques, and Earned Value Management (EVM) techniques
  • Incorporate GAO Cost Estimating and Assessment Guide best practices
  • Business case Analysis
  • Navigate the congressional appropriation process
  • Enhance performance with EVM, OMB A-11 and ANSI/EIA-748

Important Course Information


  • Two years of program or project management experience within the last five years.

FAC-P/PM Certification Information

  • All Federal employees (non DoD) who work in a Program/Project Management role are required to be FAC-P/PM certified. Private industry/contractors are eligible to attend FAC-P/PM training, but are not eligible to become certified.
  • FAC-P/PM certification is awarded at the agency level and requirements vary by agency. Check with your Acquisition Career Manager (ACM) for information on certification requirements.

Course Outline

  • Introducing the FAC-P/PM Program
  • Clarifying the FAC-P/PM initiative
  • Describing acquisition reforms
  • Establishing a culture of accountability
  • Identifying government and contractor equities
  • Business Management Fundamentals

Incorporating Total Life Cycle Systems Management (TLCSM) concepts

  • Comparing program life cycles
  • Applying Total Life Cycle Systems Management

Identifying Earned Value Management (EVM) fundamentals

  • Reviewing EVM concepts
  • Describing roles - customer vs. supplier
  • Applying Program Cost Estimation Processes

Analyzing cost-estimating methods

  • Exploring appropriate uses of techniques
  • Outlining strengths and weaknesses of each method

Examining the logistics of cost estimation

  • Distinguishing between product life cycle vs. program life cycle
  • Revealing often forgotten costs

Exploring learning curve theory and its applications

  • Incorporating learning curves to reduce task time
  • Examining learning curve models to determine learning rates
  • Allocating Funding to Multiyear Complex Projects

Structuring your project using the federal budgeting process

  • Responsibilities of the PM in the budget process
  • Applying cost estimates to select projects

Relating the congressional funding process to your project

  • Explaining program approvals
  • Defining project appropriations and allocations
  • Leveraging the ANSI/EIA-748 (Earned Value Management Systems)

OMB A-11 Section 300 Requirements

  • The purpose of OMB Circular A-11
  • Relating ANSI/EIA-748 to OMB Circular A-11
  • Exploring connections between EVM and the performance budget

Defining the purpose behind the ANSI standard

  • Explaining the structure of the standard
  • Describing the use of the standard

Applying the ANSI standard

  • Defining associated documents
  • Addressing the guidelines within the standard
  • Establishing Baselines

Developing the program baseline

  • Explaining the use of estimating and budgeting
  • Associating the program baseline with budget

Determining the performance baseline

  • Benefiting from the Work Breakdown Structure
  • Developing the Integrated Master Plan/Master Schedule
  • Applying GAO best practices and the ANSI standard
  • Validating the Performance Baseline: The Integrated Baseline Review (IBR)

Clarifying the rationale for the IBR

  • Explaining the mitigation of risk
  • Analyzing the adequacy of the baseline

Preparing for and conducting the IBR

  • Training the participants
  • Accessing data and defining the report
  • Analyzing Earned Value Data

Interpreting earned value metrics and meaning

  • Explaining the source of the metrics
  • Analyzing the measures and performing metrics analysis

Applying root cause analysis

  • Defining the source of problems
  • Dealing with the root cause at the source
  • Defining responsibility and exploring possible actions
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Convenient Ways to Attend This Instructor-Led Course

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In the Classroom — OR — Live, Online

Tuition — Standard: $1795   Government: $1795

Apr 8 - 10 ( 3 Days)
8:00 AM - 5:00 PM EDT
Rockville, MD / Online (AnyWare) Rockville, MD / Online (AnyWare) Reserve Your Seat

Jun 24 - 26 ( 3 Days)
8:00 AM - 5:00 PM EDT
Herndon, VA / Online (AnyWare) Herndon, VA / Online (AnyWare) Reserve Your Seat

Oct 7 - 9 ( 3 Days)
8:00 AM - 5:00 PM EDT
Rockville, MD / Online (AnyWare) Rockville, MD / Online (AnyWare) Reserve Your Seat

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Private Team Training

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Course Tuition Includes:

After-Course Instructor Coaching
When you return to work, you are entitled to schedule a free coaching session with your instructor for help and guidance as you apply your new skills.

Free Course Exam
You can take your Learning Tree course exam on the last day of your course or online any time after class.


Training Hours

Standard Course Hours: 9:00 am – 4:30 pm
*Informal discussion with instructor about your projects or areas of special interest: 4:30 pm – 5:30 pm

Enhance Your Credentials with Professional Certification

Learning Tree's comprehensive training and exam preparation guarantees that you will gain the knowledge and confidence to achieve professional certification and advance your career.

Earn 24 PDUs

PMI, the Registered Education Provider logo, PMP, CAPM, PMI-ACP,
and PMBOK are marks of the Project Management Institute, Inc.

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