FPM 333: Progressive Business, Cost, and Financial Management Course
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Module 1: Evaluating the Federal Acquisition Environment

• Understand the federal budgeting and funding framework that impacts program management.
• Recognize business and cost challenges unique to the government context (appropriations, fiscal law, and compliance requirements).
• Assess how the Total Life-Cycle Systems Management approach influences cost planning and decision-making.

Module 2: Estimating Program Costs

• Develop life-cycle cost estimates for projects and programs using accepted methodologies.
• Utilize a Work Breakdown Structure (WBS) to organize cost elements and improve estimating accuracy.
• Incorporate risk, uncertainty, and total ownership costs into cost estimates to enhance credibility and realism.

Module 3: The Business Case Analysis (BCA) Process

• Build a robust business case to justify program investments and alternatives.
• Conduct benefit-cost analysis and other financial analyses to compare project alternatives and inform decisions.
• Evaluate return on investment (ROI) and trade-offs to support strategic decision-making and recommendation of the best option.

Module 4: Program Performance Measurement

• Establish performance baselines and metrics for cost, schedule, and technical performance.
• Implement Earned Value Management (EVM) to integrate cost and schedule data for tracking program performance.
• Interpret EVM reports and other performance indicators to identify trends, variances, and needed corrective actions.

Module 5: Federal Planning, Programming, and Budgeting

• Navigate the Planning, Programming, Budgeting, and Execution (PPBE) process or equivalent in federal agencies.
• Formulate and defend program budgets within the federal budget cycle and constraints.
• Manage funds execution and understand the rules of budget execution, appropriations categories, and reprogramming as they affect program financial management.

Module 6: Putting It All Together

• Engage in a capstone exercise that integrates cost estimating, budgeting, and performance management for a program scenario.
• Apply business, cost, and financial management techniques to develop a comprehensive program financial plan.
• Demonstrate the ability to oversee program finances, adjust to changes, and brief stakeholders on program financial health and recommendations.

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FPM 333 – Advanced Business, Cost, and Financial Management (4 Days)