Applications in Business, Cost, and Financial Management

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

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

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

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

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

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

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

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