Progressive Concepts in Program, Business, Cost, and Financial Management (FPM 331 & FPM 333)

Course 1335

  • Duration: 5 days
  • Language: English
  • 40 PMI PDUs
  • Level: Advanced

This course fulfills Senior-Level FAC‑P/PM competency training for FPM 331 and FPM 333. Learners engage in advanced application of systems engineering, risk governance, cost analysis, EVM, and oversight of large-scale federal programs, using the extensive Post Office Vehicle Program (POVP) case study.

Advanced Program & Cost Mgmt Workshop Delivery Methods

  • In-Person

  • Online

  • Upskill your whole team by bringing Private Team Training to your facility.

Advanced Program & Cost Mgmt Workshop Information

Participants perform advanced analytical, cost, technical, and leadership tasks across all domains of senior-level program management, including:

  • Systems engineering evaluation
  • Functional/physical architecture analysis
  • WBS and contract WBS modernization
  • IMP/IMS critique and redesign
  • Senior-level cost modeling & TCO analysis
  • High-end EVMS review aligned to ANSI
  • Requirements evaluation and verification strategy development
  • Leadership and coordination of cross-agency governance

Senior-level program managers will learn to:

  • Identify and analyze drivers of program success at the executive level
  • Critically evaluate multiple systems engineering approaches
  • Lead WBS, IMP, and IMS modernization to support strategic outcomes
  • Perform advanced cost, sensitivity, and TCO analyses
  • Manage enterprise-level risks across contractors and subcontractors
  • Conduct EVMS compliance assessment and oversight
  • Manage program‑level verification, validation, and change control
  • Communicate senior‑level findings to leadership and Congress

Prerequisites

  • Four years of program or project management experience, including one year on Federal programs within the last ten years
  • FAC‑P/PM Certification Information:
    • Federal (non‑DoD) personnel in P/PM roles must be FAC‑P/PM certified
    • Private‑sector attendees may attend but cannot be certified
    • Certification requirements vary by agency
  • To maintain FAC‑P/PM: 80 CLPs required every two years (agency-dependent)

Certification Information

  • Course supports Senior-Level FAC‑P/PM certification (FPM 331 & 333)
  • Certification awarded at the agency level; requirements vary

Advanced Program & Cost Mgmt Workshop Outline

Module 1: Senior Program Manager Responsibilities

  • Program success factors
  • Governance roles
  • IPT structure & responsibilities
  • POVP Mission Need, strategy, and alternatives

Module 2: Systems Engineering Methodology

  • Evaluation of multiple SE methodologies
  • Functional analysis and allocation
  • Physical architecture assessment
  • Technology readiness evaluation
  • Interoperability requirements

Module 3: WBS Development & Review

  • Review of POVP Government WBS
  • Contract WBS analysis
  • Alignment with product-driven WBS principles

Module 4: IMP / IMS Review

  • IMP evaluation and refinement
  • Executive IMS analysis
  • Schedule credibility and risk

Module 5: Advanced Cost Analysis

  • Systemwide cost element identification
  • Estimating methodologies
  • TCO modeling
  • Sensitivity and trade‑off analyses

Module 6: Risk Management

  • Risk identification in large programs
  • Probability/impact evaluation
  • Mitigation strategy development

Module 7: Requirements Review & Verification

  • Force ranking requirements
  • Evaluating requirement quality
  • Verification strategies linked to IMP

Module 8: ANSI EVMS Guidelines

  • Assessment of EVMS implementation
  • Management value analysis
  • Evaluating sample work packages

Module 10: Integrated Baseline Review (IBR)

  • Government vs. contractor roles
  • IBR scenario-based exercise

Module 12: Senior Management Reporting

  • Award fee scenario analysis
  • CPI/SPI projections
  • Congressional brief development

Need Help Finding The Right Training Solution?

Our training advisors are here for you.