Progressive Concepts in Program, Business, Cost, and Financial Management (FPM 331 & FPM 333)

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.

Progressive Concepts in Program, Business, Cost, and Financial Management (FPM 331 & FPM 333) Benefits

• 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

Learning Objectives

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