FPM 333: Progressive Business, Cost, and Financial Management
This three-day course advances the experienced project manager into the business enterprise tasks of leading complex projects and larger, collective programs. You will evaluate for merit and evoke risk management strategies resulting in program-level adjustments to financial plans and cost benefit analyses. Earned value management (EVM) metrics are evaluated, followed by program adjustment decisions based on EVM data. This course will emphasize managing cost and financial risks within the broader context of a Total Life-Cycle Systems Management (TLCSM) approach to program management. You will understand how to present and defend a business case before program stakeholders, manage funds, and other key competencies for project managers.
Pre-Requisites: Must satisfy the competency requirements for FAC-P/PM Mid-Level.
- Identify, apply, and integrate agency financial policies and directives relevant to the program
- Direct financial planning and account for associated risks
- Prepare a comprehensive program specification and the statement of objectives (SOO), or statement of work (SOW), or performance-based statement of work (PBSOW)
- Manage the proper use of funds from each appropriation, as well as interpret appropriations law and the various appropriations categories
- Manage the application of Total Life-Cycle Systems Management (TLCSM)
- Facilitate program application of common cost estimation and cost analysis techniques
- Evaluate programmatic decisions based on analysis of business cases containing both qualitative and quantitative decision criteria
- Understand program application of earned value management (EVM), the criticality of the integrated baseline review (IBR), and how to interpret the EVM indicators and resulting analysis
- Assess for merit a cost-benefit analysis, illustrating the strengths and weaknesses of associated analytical methods, and interpret the analysis results for a stakeholder review
Length: 3 Days