FAC-P/PM Certification: Applications in Business, Cost & Financial Management (FPM 233)
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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
Requirements:
- 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
Convenient Ways to Attend This Instructor-Led Course
Hassle-Free Enrollment: No advance payment required to reserve your seat.
Tuition due 30 days after you attend your course.
In the Classroom
Live, Online
Private Team Training
In the Classroom — OR — Live, Online
Tuition — Standard: $1795 Government: $1795
Jul 30 - Aug 1
(3 Days)
8:00 AM - 5:00 PM EDT
Herndon, VA / Online (AnyWare)
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Oct 29 - 31
(3 Days)
8:00 AM - 5:00 PM EDT
Herndon, VA / Online (AnyWare)
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Feb 4 - 6
(3 Days)
8:00 AM - 5:00 PM EST
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Apr 15 - 17
(3 Days)
8:00 AM - 5:00 PM EDT
Herndon, VA / Online (AnyWare)
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Guaranteed to Run
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Tuition
Standard
Government
In Classroom or
Online
Standard
$1795
Government
$1795
Private Team Training
Course Tuition Includes:
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 17 Credits from NASBA
This course qualifies for 17 CPE credits from the National Association of State Boards of Accountancy CPE program. NOTE: Only live, in-class attendance qualifies for NASBA CPEs. Read more ...
Earn 17 PDUs
PMI, the Registered Education Provider logo, PMP, CAPM, PMI-ACP,
and PMBOK are marks of the Project Management Institute, Inc.
This course is approved by PMI® for 17 professional development units (PDUs). For more on the Project Management Institute and a full list of courses approved for PDUs.
Technical : 17 PDUs