FPM 333 Training: Progressive Business, Cost & Financial Management – FPMT0019
- Course Code : FPMT0019
- Duration : 3 Days
- Price : 2,205 GBP
- Level: Advanced
- Language: English
Course Content
Delivery Method
In-Person
Online
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Goals
Pre Requisites
Course Outline
Module 1: Simplifying Acquisitions with EVM and Cost Analysis
Understanding the Value of EVM:
- Assessing the significance of EVM and cost estimation
- Highlighting the benefits of advanced EVM and cost-estimating techniques
- Developing a plan to implement advanced methods
Module 2: Defining Program Needs
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- Evaluating EVM Readiness:
- Reviewing advanced EVM Senior/Expert competencies
- Planning resource requirements for effective management
- Linking EVM programs to risk management
- Enhancing Performance:
- Eliminating defects using Business Process Reengineering (BPR) methods
- Conducting EVM baseline reviews
- Performing financial planning and execution reviews
- Evaluating EVM Readiness:
Module 3: Applying GAO Cost-Estimating Best Practices
Breaking Down the 12 Critical Steps:
- Defining the purpose and characteristics of the estimate
- Establishing ground rules and assumptions
- Developing and comparing estimates, including independent cost estimates
Executing Key Analyses:
- Performing sensitivity, risk, and uncertainty analyses
- Documenting and presenting the estimate for approval
- Updating estimates to reflect actual costs and changes
Module 4: Optimizing Program Outcomes
Exploring Cost-Estimating Methods:
- Comparing various approaches to cost estimation
- Discussing life cycle cost-estimating techniques
Module 5: Advanced Earned Value Management Principles
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- Implementing EVM Policies and Standards:
- Translating legal and regulatory EVM frameworks
- Applying OMB policies and ANSI/EIA-748 standards
- Mastering Advanced EVM Techniques:
- Integrating technical, schedule, and cost performance with EVM
- Generating program status reports for stakeholders
- Interpreting graphic trend analyses
- Implementing EVM Policies and Standards:
Module 6: Financial Reporting and Oversight
Conducting Data Analysis:
- Evaluating and selecting relevant data
- Collecting, processing, and reporting financial data
- Supporting financial planning and budgeting activities
Enhancing Reporting Practices:
- Accumulating and presenting cost information
- Reporting outcomes to senior management
Module 7: Guiding Planning, Programming, and Budgeting Systems
Applying EVM and Cost Estimates:
- Using effective estimates to inform planning, programming, and budgeting processes
- Appraising program budget development practices
- Critiquing fund allocations within appropriation categories
