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Home ❯ FAC P/PM

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Applications in Business, Cost, and Financial Management

COURSE TYPE

Intermediate

Course Number

1323

Duration

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

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
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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

888-843-8733

info@LearningTree.com

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In the Classroom — OR — Live, Online

Tuition — Standard: $2650   Government: $2355

Oct 30 - Nov 1 (3 Days)
9:00 AM - 4:30 PM EDT Herndon, VA / Online (AnyWare) Herndon, VA / Online (AnyWare) Reserve Your Seat

How would you like to attend?

Live, Online
In-Class

Jan 29 - 31 (3 Days)
9:00 AM - 4:30 PM EST Herndon, VA / Online (AnyWare) Herndon, VA / Online (AnyWare) Reserve Your Seat

How would you like to attend?

Live, Online
In-Class

Apr 30 - May 2 (3 Days)
9:00 AM - 4:30 PM EDT Herndon, VA / Online (AnyWare) Herndon, VA / Online (AnyWare) Reserve Your Seat

How would you like to attend?

Live, Online
In-Class

Jul 30 - Aug 1 (3 Days)
9:00 AM - 4:30 PM EDT Herndon, VA / Online (AnyWare) Herndon, VA / Online (AnyWare) Reserve Your Seat

How would you like to attend?

Live, Online
In-Class

Guaranteed to Run

Private Team Training

Enrolling at least 3 people in this course? Consider bringing this (or any course that can be custom designed) to your preferred location as a private team training.

For details, call 1-888-843-8733 or Click Here »

Tuition

Standard

Government

In Classroom or
Online

Standard

$2650

Government

$2355

Private Team Training

Contact Us »

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 course exam on the last day of your course and receive a Certificate of Achievement with the designation "Awarded with Distinction."

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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

FREE Online Course Exam (if applicable) – Last Day: 3:30 pm – 4:30 pm
By successfully completing your FREE online course exam, you will:

  • Have a record of your growth and learning results
  • Bring proof of your progress back to your organization
  • Earn credits toward industry certifications (if applicable)

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