FPM-313 : Senior Federal Business, Cost Estimating, and EVM

CAM Program Senior Level

FPM-313   |   3 Days (24 Hrs.)

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Designed for industry/commercial acquisition professionals specializing in Federal programs, FPM-313: Senior Federal Business, Cost Estimating, and EVM fully meets the requirements of FAI’s FAC-P/PM Senior-level “Business, Cost Estimating, and Financial Management” Competency. This course further develops and refines students’ advanced skills to help them more effectively estimate, analyze, and manage an acquisition’s finances.

Course Overview

Educational Focus

This Senior Level course prepares the participant to supervise the effective use of Cost Estimating and Earned Value Management (EVM) with Federal programs and projects. Emphasis is on the performance challenges that a participant will encounter in his or her day-to-day job, including:

  • Estimating Cost and analyzing various cost drivers
  • Formulating financial programs and budgets
  • Using Benefit/Cost Analysis and other decision-making tools
  • Understanding Total Ownership Cost
  • Overseeing and interpreting data from an Earned Value Management System (EVMS) and other methods of performance measurement
  • Following and abiding by the various rules of budget execution

ALTA Learning Methodology

In addition to lecture and Q&A, this class provides a true adult learning experience by utilizing various other teaching modalities:

  • Students use an extensive self-assessment tool throughout class to determine personal and organizational strengths and weaknesses.
  • Students practice the skills they are learning throughout the course through the use of various experiential, hands-on Exercises.
  • Students demonstrate their knowledge by creating and presenting personalized end-of-class Action Plans, which provide a structured path to quickly transfer classroom concepts to their work environments.

Who Should Attend

  • Industry Acquisition Professionals specializing in Federal Programs, Program / Project Management Professionals, and Financial Professionals
  • Anyone looking for DAWIA‐ or FAC‐P/PM‐based Federal Acquisition Management training credentials
  • Anyone who works with the Federal government and is looking to earn their PMP® certification
  • PMP® certification holders looking to better understand the Federal acquisition regulations and processes

Competencies Addressed

PMBOK® Knowledge Areas

  • Cost Management
  • Scope Management
  • Procurement Management

FAC-P/PM Competencies

Fully verified by FAI, FPM-313 covers all learning objectives for the FAC-P/PM Senior-level “Business, Cost Estimating, and Financial Management” Competency.

FAC-P/PM Competency Mapping

PPM-312 Compentency Mapping

Course Topics & Modules

  • I. Business Financial Planning and Management

    Assess compliance with:

    • Capital Programming Guidance (OMB A-11)/li>
    • Understanding the financial aspects of Total Life Cycle Systems Management
    • Benefit-cost analysis and Net Present Value (OMB A-94)
    • Capital Asset Plan and Business Case Summary (OMB Exhibit 300 and 53)
  • II. Department Planning, Programming, and Budgeting System (OMB A-11)
    • Confirm the appropriate use of funds from different appropriations
    • Ensure compliance with Anti-deficiency Act and other statutory requirements
  • III. Total Ownership Cost
    • Ensure optimization of Total Ownership Cost and Life Cycle Cost
    • Evaluate the use of the appropriate estimating techniques
    • Assess the team’s effectiveness in dealing with risk and uncertainty
  • IV. Cost Estimating
    • Evaluate the credibility of the estimating process
    • Ensure compliance with the 12 Steps to a credible cost estimate
    • Confirm the appropriate use of the methods, techniques, and analytical principles, including risk management and confidence bands
    • Evaluate the Analysis and accommodation of risk and uncertainty in cost estimates
  • V. Earned Value Management (EVM)
    • Use the 32 Guidelines to evaluate the Earned Value Management System
    • Assure effective implementation of the 13 Steps to effective Earned Value Management
    • Emphasize the importance of Critical Path in program schedule management
    • Confirm implementation of the appropriate tools in schedule risk assessment and management
    • Evaluate Earned Value metrics and indicators of acceptable and unacceptable performance
    • Oversee the use of Integrated Baseline Reviews (IBR) to assess program performance
  • VI. Student Action Plan Presentation
    • Students will demonstrate their understanding of the material covered in the class by presenting an oral Action Plan describing the improvements they intend to implement upon returning to work

Training Hours/Credits Earned

Standard Class Hours
8:00 a.m. to 4:30 p.m.

Credits Earned
24 CLPs
24 PDUs (Course approved by PMI® and is eligible for PDU credit)
2.4 CEUs

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