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FAC-P/PM Certification: Earned Value Management Training Course (FPM 333)

COURSE TYPE

Advanced

Course Number

1333

Duration

3 Days

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Successful projects rely on comprehensive integrated management principles, tools and techniques. In this FAC-P/PM EVM certification course, you gain the practical skills to coordinate the development of, oversee, evaluate and critique an EVM program linked to risk management. You also learn to apply planning, programming and budgeting best practices.

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

You Will Learn How To:

  • Direct and manage the application of Earned Value Management (EVM) techniques to federal projects
  • Integrate technical, cost and schedule performance measurements
  • Oversee the program cost-estimating and budget process
  • Institute EVM baselines and interpret EVM performance trends 

  • Manage the Integrated Baseline Review (IBR) process

Important Course Information

Requirements:

  • Four years of program or project management experience, which shall include a minimum of one year of experience on Federal programs and projects, within the last ten 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

  • Reducing the Complexity of Acquisitions with EVM and Cost Analysis


The value of EVM

  • Evaluating the importance of EVM and cost estimating 

  • Estimating the benefits of EVM and cost estimating 

  • Establishing a plan to implement advanced EVM and cost-estimating techniques 

  • Defining the Needs of the Program 


Assessing EVM readiness 


  • Evaluating advanced EVM Senior/Expert competencies 

  • Planning the resource needs for management 

  • Planning for an EVM program linked to risk 


Improving performance 


  • Eliminating defects with BPR methods 

  • Instituting EVM baseline reviews 

  • Conducting financial planning and execution reviews 

  • Incorporating GAO Cost-Estimating Best Practices


Analyzing the 12 critical steps 


  • Defining the purpose of the estimate 

  • Developing the plan and defining program characteristics 

  • Outlining ground rules and assumptions 

  • Developing a point estimate and comparing it to an 
independent cost estimate 



Gathering data 


  • Identifying ground rules and assumptions 

  • Conducting sensitivity, risk and uncertainty analyses 

  • Documenting the estimate 

  • Presenting the estimate for management approval 

  • Updating the estimate to reflect actual costs and changes 


  • Maximizing Program Results
  • Comparing methods of cost estimating
  • Discussing life cycle cost-estimating methods 

  • Advanced Earned Value
Management Principles


Adopting EVM policies and standards

  • Translating an EVM legal and regulatory framework

  • Recognizing and applying OMB policies
  • Reviewing and applying ANSI/EIA-748 standards
  • Understanding, assessing and evaluating EVM methodologies 


Implementing advanced EVM techniques

  • Applying EVM to integrate technical, schedule and cost performance
  • Creating program status reports for stakeholders
  • Interpreting graphic trend analysis 

  • Reviewing Financial Reporting and Oversight

Conducting data analysis

  • Evaluating the data selection
  • Collecting, processing, maintaining, transmitting and reporting data on financial events
  • Supporting financial planning and budgeting activities 


Improving complex reporting

  • Accumulating and reporting cost information

  • Reporting to senior management

  • Providing Guidance on Planning, Programming and Budgeting Systems

Effective EVM and cost estimates to guide planning, programming and budget systems processes

  • Appraising the program budget development process 

  • Critiquing allocation of funds within appropriations categories 


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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

In the Classroom — OR — Live, Online

Tuition — Standard: $2650   Government: $2355

Mar 12 - 14 (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

Jun 11 - 13 (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

Sep 10 - 12 (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 Learning Tree course exam on the last day of your course or online at any time after class 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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