FPM 332 : Progressive Contracting Strategies for Programs

FAC-P/PM Program Senior Level

FPM 332   |   3 Days (24 Hrs.)

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On-Site Training

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Designed specifically for experienced professionals earning their Senior/Expert level FAC-P/PM certifications, this course further develops and refines students’ advanced skills to help them more effectively manage their Federal contracts and acquisitions.  FPM 332 is fully FAI-verified as meeting all OFPP / FAI v2.1 Performance Outcomes for the "Contracting" Competency.

Course Overview

Educational Focus

As a Senior Level course, this course addresses:

  • Supervising, leading, and managing the acquisition of supplies and services related to IT, Construction, and Research and Development programs and projects, specifically around the following concepts:
    • Acquisition Planning (including performance-based considerations)
    • Cost and Price Analysis
    • Solicitation and selection of sources
    • Preparation, negotiation, and award of contracts
    • All phases of contract administration, including termination options
  • Understanding and working within the requirements of the Federal Acquisition Regulation (FAR) Parts 1-14
  • Implementing the 9 things you must do "right" to have a successful contracting process
  • Special emphasis in this class is on the “when” “why” and “how” of establishing collaborative relationships between a buyer and a seller.

ALTA Learning Methodology

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

  • Throughout the course, students participate in an integrated case study to practice the skills that they are developing in a real-life, experiential environment.
  • Students use an extensive self-assessment tool throughout class to determine personal and organizational strengths and weaknesses.
  • 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

  • Project Managers with 4 or more years of experience in Project Management
  • Those responsible for large, high-risk projects

FAC-P/PM Competencies Addressed

Fully verified by FAI, FPM 332 covers all learning objectives for the FAC-P/PM Senior-level “Contracting” Competency.

FAC-P/PM Competency Mapping

PPM-302 Competency Mapping

Course Topics & Modules

  • I. Why Are We Here?
    • Program background and introduction
    • Current OMB and Presidential initiatives
    • Student self-assessment tools
  • II. Legal Foundations of Contracting
    • Ensure the application of the principles of contract and fiscal laws and regulations (anti-deficiency, procurement integrity, and specific purpose statutes) as they pertain to development of program funding, contracts, and strategies
  • III. Overview of Performance Based Acquisition (PBA) and Acquisition Planning
    • Explain the objectives of PBA
    • Manage 7 steps to effective PBA
    • Understand components of an effective Acquisition Plan
    • Confirm that the project has the right kind of money at the right time
    • Work closely with the PM, PCO and other members of the contracting team or IPT to develop a comprehensive Acquisition Plan as required by the FAR for improving the efficiency and effectiveness of meeting agency needs
    • Manage the overall process as required by FAR Parts 1-12 from determination of need through the use of competition and small business in accordance with regulatory and statutory mandates
  • IV. Preparing the Right Requirements
    • Review the development and documentation of the following requirements:

      • Statement of Objectives (SOO)
      • Statement of Work (SOW)
      • Performance Work Statement (PWS)
      • Detailed specification
  • V. The Right Type of Competition
    • Ensure the right form of competition
    • Ensure compliance with FAR Parts 5, 13, and 14
  • VI. The Right Contracting Method
    • Review the choice of the type of solicitation and specification to fully and clearly communicate agency needs to potential suppliers
    • Evaluate the choice of the right contracting method
  • VII. The Right Choice of Contractor
    • Confirm the selection of the right contractor:
      • Manage and review the source selection plan to make sure it is effective, yet unbiased in selecting a contractor who will provide the best value to the agency
      • Establish and oversee the work of the source selection evaluation board, the source selection advisory council, and the source selection authority
  • VIII. The Right Price
    • Ensure the payment of the right price through the appropriate use of
      • Price analysis
    • Cost and profit analysis
  • IX. Administering the Contract
    • Oversee the implementation of the right type of contract
    • Exercise the right amount of oversight
    • Establish collaborative relationships
  • X. Student Action Plan
    • 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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