FPM 233: Applications in Business, Cost, and Financial Management
This three-day course is designed to explore key competencies for project managers relating to business and financial management. You will develop application and analysis skills for estimating cost by using cost-related information to manage project financials and assemble a viable business case. This course will teach earned value management (EVM) skills as a tool for tracking contractor performance, managing risk, and adjusting project strategy. You will be able to apply your skills in managing the operational business dynamics within the scope of Federal projects.
Pre-Requisites: 2 years of project or program management experience in the last 5 years.
- Construct a viable business case based on sound cost-benefit analysis
- Identify cost estimating processes, methods, techniques, and analytical principles
- Utilize cost estimating and cost analysis to formulate financial programs and budgets
- Analyze and allocate funds within the appropriations categories
- Understand agency policy and OMB compliance for budget formulation
- Use earned value management (EVM) to forecast and track program/project performance
- Illustrate how EVM relates to managing project risk
- Understand risk using EVM indicators and employ adjustment techniques as needed
Length: 3 Days