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Glossary

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  • Acquisition
    The term acquisitions is used in the Federal Government for the activity of buying and selling goods and/or services on behalf of the US government.
  • Acquisition Life Cycle
    The acquisition life cycle is the framework for how to procure a product or service from inception to retirement. Due to multiple government agency procedures and rules, the acquisition life cycle may look different for every procurement. If you need assistance at any part of your(...)
  • Adobe Connect
    Adobe Connect is a virtual training platform with a wide array of features to assist in the success of online learning. Adobe Connect most closely resembles an in-person learning experience by offering whiteboards, breakout groups, files to download, presentation, and video capabilities.(...)
  • Agile
    Agile project management is the process of adding value to business priorities while accounting for time and budget. It includes breaking down a project into smaller parts and prioritizing by importance, collaborative work, and adjusting at intervals based on results.
  • Business Management Research Associates (BMRA)
    We are a Service-Disabled Veteran-Owned Small Business with over 45 years of experience in offering training to the Federal Government. We specialize in teaching government acquisitions, project and program management, leasing, and professional development skills.
  • Continuing Education Unit (CEU)
    A continuing education unit (CEU) is a measure of education used and rewarded in programs for professionals to maintain their profession.  Continuing Education Unit (CEU) = 10 CLPs per CEU
  • Continuous Learning Points (CLPs)
    CLPs are points rewarded after the completion of a course that meets the requirements of the Federal Acquisition Institute. Government acquisition professionals holding a FAC-C, FAC-COR, or FAC-P/PM certification are required to earn a specified (minimum) number of continuous learning points(...)
  • Contract Specialist
    Contract specialists are typically new employees beginning on the path to becoming a contracting officer. They work underneath the guidance of a CO and are trained in acquisition and related business skills such as market research, source selection, cost and price analysis, negotiation, and(...)
  • Contract Vehicles
    A contract vehicle is a mechanism used by the government to buy goods and services. When an organization has a contract vehicle, it allows them to sell to the government, and the government has access to a library of organizations with these vehicles to buy from. The most common contract(...)
  • Contracting Officer (CO)
    A Contracting Officer (CO) is a person who can bind the Federal Government to a contract. COs hold a warrant that allows them to negotiate on behalf of the United States Government, and only COs may execute, modify, or terminate a contract.
  • Contracting Officer's Representative
    A Contracting Officer’s Representative (COR) is an individual authorized in writing by the contracting officer to perform specific technical or administrative contract functions. CORs play a critical role in ensuring that contractors meet the commitment of their contracts. They facilitate(...)
  • Credentials
    Different from the 3-level certification framework set forth by the FAC Levels, credentials are job-specific certifications that help you to meet the needs of your job by focusing on a particular set of skills. Being credentialed shows that you've mastered the desired field of study.
  • FAC-C
    The Federal Acquisition Certification in Contracting (FAC-C) Program is for contracting professionals in the Federal Government performing contracting and procurement activities and functions. The purpose of this program is to establish general education, training, and experience requirements(...)
  • FAC-P/PM
    The Federal Acquisition Certification for Program and Project Managers (FAC-P/PM) program is for acquisition professionals in the Federal Government performing program and project management activities and functions. The FAC-P/PM focuses on essential functional and technical competencies(...)
  • FAC-P/PM IT Core Specialization
    The purpose of the FAC-P/PM IT Core-Plus specialization is to establish the additional training, experience, and continuous learning requirements for FAC-P/PM certified personnel who manage specific investments requiring specialized knowledge, skills, and abilities. FAC-P/PM IT core-plus(...)
  • FAC-COR
    The Federal Acquisition Certification for Contracting Officer’s Representatives (FAC-COR) program is for acquisition professionals in the Federal Government performing contract management activities and functions. Contracting Officer’s Representatives (CORs) play a critical role in ensuring(...)
  • Federal Acquisition Regulations (FAR)
    The Federal Acquisition Regulations (FAR) is a set of clauses within the Code of Federal Regulations that describes the rules for contracting with the Federal Government. Any Federal Government agencies or government contractors are regulated by the FAR. The FAR can be accessed here.
  • Instructor-Led Training (ILT)
    Instructor-Led Training is the traditional approach to training in which live, in-person classes are held. This is where students take their courses at a specific location and are provided physical course materials.
  • Program Management
    "A program is a group of related projects managed in a coordinated manner to obtain benefits not available from managing them individually. Program management is the application of knowledge, skills, tools and techniques to meet program requirements."(...)
  • Project Management
    The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. https://www.pmi.org/about/learn-about-pmi/what-is-project-management
  • Project Manager (PM)
    A project manager is a professional that overheads an entire project scope from planning, executing, monitoring, controlling, and closing projects. They are also accountable for the project team, resources, and the success or failure of the project.
  • Service-Disabled Veteran-Owned Small Business (SDVOSB)
    A service-disabled veteran-owned small business (SDVOSB) is a small business that is 51% owned and controlled by a service-disabled veteran, have a service-disabled veteran control operations and long-term decision making, and that veteran must have a service-connected disability.  BMRA is(...)
  • Subject Matter Expert (SME)
    A subject matter expert (SME) is a professional with extensive knowledge and expertise in a specific field, technical area, or object for a project/program.  SMEs are typically individuals who have been in their roles for a long time and their knowledge and skills have become “second(...)
  • Virtual Instructor-Led Training (vILT)
    Virtual Instructor-Led training is live, online training held over a virtual platform such as Adobe Connect. This is where students log in online to complete their courses and are provided electronic materials.

Glossary

AJAX progress indicator
Search:
(clear)
  • Acquisition
    The term acquisitions is used in the Federal Government for the activity of buying and selling goods and/or services on behalf of the US government.
  • Acquisition Life Cycle
    The acquisition life cycle is the framework for how to procure a product or service from inception to retirement. Due to multiple government agency procedures and rules, the acquisition life cycle may look different for every procurement. If you need assistance at any part of your(...)
  • Adobe Connect
    Adobe Connect is a virtual training platform with a wide array of features to assist in the success of online learning. Adobe Connect most closely resembles an in-person learning experience by offering whiteboards, breakout groups, files to download, presentation, and video capabilities.(...)
  • Agile
    Agile project management is the process of adding value to business priorities while accounting for time and budget. It includes breaking down a project into smaller parts and prioritizing by importance, collaborative work, and adjusting at intervals based on results.
  • Business Management Research Associates (BMRA)
    We are a Service-Disabled Veteran-Owned Small Business with over 45 years of experience in offering training to the Federal Government. We specialize in teaching government acquisitions, project and program management, leasing, and professional development skills.
  • Continuing Education Unit (CEU)
    A continuing education unit (CEU) is a measure of education used and rewarded in programs for professionals to maintain their profession.  Continuing Education Unit (CEU) = 10 CLPs per CEU
  • Continuous Learning Points (CLPs)
    CLPs are points rewarded after the completion of a course that meets the requirements of the Federal Acquisition Institute. Government acquisition professionals holding a FAC-C, FAC-COR, or FAC-P/PM certification are required to earn a specified (minimum) number of continuous learning points(...)
  • Contract Specialist
    Contract specialists are typically new employees beginning on the path to becoming a contracting officer. They work underneath the guidance of a CO and are trained in acquisition and related business skills such as market research, source selection, cost and price analysis, negotiation, and(...)
  • Contract Vehicles
    A contract vehicle is a mechanism used by the government to buy goods and services. When an organization has a contract vehicle, it allows them to sell to the government, and the government has access to a library of organizations with these vehicles to buy from. The most common contract(...)
  • Contracting Officer (CO)
    A Contracting Officer (CO) is a person who can bind the Federal Government to a contract. COs hold a warrant that allows them to negotiate on behalf of the United States Government, and only COs may execute, modify, or terminate a contract.
  • Contracting Officer's Representative
    A Contracting Officer’s Representative (COR) is an individual authorized in writing by the contracting officer to perform specific technical or administrative contract functions. CORs play a critical role in ensuring that contractors meet the commitment of their contracts. They facilitate(...)
  • Credentials
    Different from the 3-level certification framework set forth by the FAC Levels, credentials are job-specific certifications that help you to meet the needs of your job by focusing on a particular set of skills. Being credentialed shows that you've mastered the desired field of study.
  • FAC-C
    The Federal Acquisition Certification in Contracting (FAC-C) Program is for contracting professionals in the Federal Government performing contracting and procurement activities and functions. The purpose of this program is to establish general education, training, and experience requirements(...)
  • FAC-P/PM
    The Federal Acquisition Certification for Program and Project Managers (FAC-P/PM) program is for acquisition professionals in the Federal Government performing program and project management activities and functions. The FAC-P/PM focuses on essential functional and technical competencies(...)
  • FAC-P/PM IT Core Specialization
    The purpose of the FAC-P/PM IT Core-Plus specialization is to establish the additional training, experience, and continuous learning requirements for FAC-P/PM certified personnel who manage specific investments requiring specialized knowledge, skills, and abilities. FAC-P/PM IT core-plus(...)
  • FAC-COR
    The Federal Acquisition Certification for Contracting Officer’s Representatives (FAC-COR) program is for acquisition professionals in the Federal Government performing contract management activities and functions. Contracting Officer’s Representatives (CORs) play a critical role in ensuring(...)
  • Federal Acquisition Regulations (FAR)
    The Federal Acquisition Regulations (FAR) is a set of clauses within the Code of Federal Regulations that describes the rules for contracting with the Federal Government. Any Federal Government agencies or government contractors are regulated by the FAR. The FAR can be accessed here.
  • Instructor-Led Training (ILT)
    Instructor-Led Training is the traditional approach to training in which live, in-person classes are held. This is where students take their courses at a specific location and are provided physical course materials.
  • Program Management
    "A program is a group of related projects managed in a coordinated manner to obtain benefits not available from managing them individually. Program management is the application of knowledge, skills, tools and techniques to meet program requirements."(...)
  • Project Management
    The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. https://www.pmi.org/about/learn-about-pmi/what-is-project-management
  • Project Manager (PM)
    A project manager is a professional that overheads an entire project scope from planning, executing, monitoring, controlling, and closing projects. They are also accountable for the project team, resources, and the success or failure of the project.
  • Service-Disabled Veteran-Owned Small Business (SDVOSB)
    A service-disabled veteran-owned small business (SDVOSB) is a small business that is 51% owned and controlled by a service-disabled veteran, have a service-disabled veteran control operations and long-term decision making, and that veteran must have a service-connected disability.  BMRA is(...)
  • Subject Matter Expert (SME)
    A subject matter expert (SME) is a professional with extensive knowledge and expertise in a specific field, technical area, or object for a project/program.  SMEs are typically individuals who have been in their roles for a long time and their knowledge and skills have become “second(...)
  • Virtual Instructor-Led Training (vILT)
    Virtual Instructor-Led training is live, online training held over a virtual platform such as Adobe Connect. This is where students log in online to complete their courses and are provided electronic materials.

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