FPM 233 - Applications in Business, Cost and Financial Management

This course provides the foundation for effective cost estimating, federal budgeting, and implementing EVM on projects and satisfies the business, cost, and financial management performance outcomes necessary for the Federal Acquisition Certification for Program and Project Managers (FAC-P/PM) at the mid-level. In today's federal environment, Project Managers need the skills to develop business cases, estimate and manage costs, and determine project performance. The course introduces topics to demonstrate understanding of a viable business case based on sound benefit-cost analysis, containing both qualitative and quantitative decision criteria, integrate the common forms of cost estimating and cost analysis into the formulation of financial programs and budgets, budget analysis, and execution. Specific topics addressed include; Cost estimating and cost analysis; Formulating financial programs and budgets; benefit/cost analysis; formulating financial programs and budget;, total ownership cost, overseeing and Interpreting data from an Earned Value Management System (EVMS) and other methods of performance measurement; and, Knowledge of the rules of budget execution.