5-day instructor-led training course
Training fully verified by the Federal Acquisition Institute (FAI)
After-course one-on-one coaching included
Progressive Concepts in Program, Business, Cost, and Financial Management (FPM 331 & FPM 333)
Course 1335
- Duration: 5 days
- Language: English
-
40 PMI PDUs
- Level: Advanced
This course fulfills Senior-Level FAC‑P/PM competency training for FPM 331 and FPM 333. Learners engage in advanced application of systems engineering, risk governance, cost analysis, EVM, and oversight of large-scale federal programs, using the extensive Post Office Vehicle Program (POVP) case study.
Advanced Program & Cost Mgmt Workshop Delivery Methods
In-Person
Online
Upskill your whole team by bringing Private Team Training to your facility.
Advanced Program & Cost Mgmt Workshop Information
Participants perform advanced analytical, cost, technical, and leadership tasks across all domains of senior-level program management, including:
- Systems engineering evaluation
- Functional/physical architecture analysis
- WBS and contract WBS modernization
- IMP/IMS critique and redesign
- Senior-level cost modeling & TCO analysis
- High-end EVMS review aligned to ANSI
- Requirements evaluation and verification strategy development
- Leadership and coordination of cross-agency governance
Senior-level program managers will learn to:
- Identify and analyze drivers of program success at the executive level
- Critically evaluate multiple systems engineering approaches
- Lead WBS, IMP, and IMS modernization to support strategic outcomes
- Perform advanced cost, sensitivity, and TCO analyses
- Manage enterprise-level risks across contractors and subcontractors
- Conduct EVMS compliance assessment and oversight
- Manage program‑level verification, validation, and change control
- Communicate senior‑level findings to leadership and Congress
Prerequisites
- Four years of program or project management experience, including one year on Federal programs within the last ten years
- FAC‑P/PM Certification Information:
- Federal (non‑DoD) personnel in P/PM roles must be FAC‑P/PM certified
- Private‑sector attendees may attend but cannot be certified
- Certification requirements vary by agency
- To maintain FAC‑P/PM: 80 CLPs required every two years (agency-dependent)
Certification Information
- Course supports Senior-Level FAC‑P/PM certification (FPM 331 & 333)
- Certification awarded at the agency level; requirements vary
Advanced Program & Cost Mgmt Workshop Outline
Module 1: Senior Program Manager Responsibilities
- Program success factors
- Governance roles
- IPT structure & responsibilities
- POVP Mission Need, strategy, and alternatives
Module 2: Systems Engineering Methodology
- Evaluation of multiple SE methodologies
- Functional analysis and allocation
- Physical architecture assessment
- Technology readiness evaluation
- Interoperability requirements
Module 3: WBS Development & Review
- Review of POVP Government WBS
- Contract WBS analysis
- Alignment with product-driven WBS principles
Module 4: IMP / IMS Review
- IMP evaluation and refinement
- Executive IMS analysis
- Schedule credibility and risk
Module 5: Advanced Cost Analysis
- Systemwide cost element identification
- Estimating methodologies
- TCO modeling
- Sensitivity and trade‑off analyses
Module 6: Risk Management
- Risk identification in large programs
- Probability/impact evaluation
- Mitigation strategy development
Module 7: Requirements Review & Verification
- Force ranking requirements
- Evaluating requirement quality
- Verification strategies linked to IMP
Module 8: ANSI EVMS Guidelines
- Assessment of EVMS implementation
- Management value analysis
- Evaluating sample work packages
Module 10: Integrated Baseline Review (IBR)
- Government vs. contractor roles
- IBR scenario-based exercise
Module 12: Senior Management Reporting
- Award fee scenario analysis
- CPI/SPI projections
- Congressional brief development
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