Applications in Project, Program, Business, Cost, and Financial Management (FPM 231 & FPM 233)
Course 1325
5 DAY COURSE

This course provides the core Mid‑Level FAC‑P/PM curriculum required for FPM 231 and FPM 233. It prepares federal program and project managers to build, baseline, and manage federal programs using proven systems engineering, planning, scheduling, cost estimating, risk management, and earned value practices.

Learning Tree’s FAC-P/PM training has been fully verified by the Federal Acquisition Institute (FAI).

Applications in Project, Program, Business, Cost, and Financial Management (FPM 231 & FPM 233) Benefits

• Participants receive hands-on, practical federal project/program management training, including:

  • Case-study based exercises (VIHSS biometric enrollment system)
  • Application of all 7 FAC-P/PM competency areas
  • Development of WBS, PWBS, CWBS, IMP, IMS, risk registers, cost models, EVM baselines

  Learners will be able to:

  • Evaluate the federal acquisition environment and OFPP direction
  • Develop program goal statements using the 5Ws
  • Build WBS, PWBS, and CWBS
  • Create IMPs with events, accomplishments, and criteria
  • Develop IMSs and conduct critical path analysis
  • Identify, analyze, and mitigate risks
  • Estimate life-cycle costs and evaluate alternatives
  • Support and participate in IBRs
  • Build and use an EVM Performance Measurement Baseline
  • Monitor and control projects using federal best practices

  Prerequisites

  • Two years of program or project management experience within the last five years.

  Certification Information

  • FAC-P/PM certification is awarded at the agency level.
  • Requirements vary by agency.
  • Course supports FAC-P/PM Mid-Level competency development (FPM 231 & 233).

FAC-P/PM Mid-Level Course Outline

Learning Objectives

Module 1: Introduction & Federal Acquisition Framework

• OFPP policies and FAC‑P/PM structure
• Competency model and curriculum overview
• Federal acquisition environment and triad

Module 2: Requirements Development

• Case study requirements
• Operational measures
• Technology readiness & trends

Module 3: Work Breakdown Structures

• PWBS and CWBS development
• Decomposition rules
• Scope baseline application

Module 4: Integrated Master Planning

• IMP events, accomplishments, criteria
• Reviewing/modifying IMP scenarios

Module 5: Integrated Master Scheduling

• Critical path analysis
• Sequencing, resource estimation, scheduling

Module 6: Systems & Software Engineering

• Life cycle models
• Software development model selection

Module 7: Risk Management

• Risk identification, exposure, prioritization
• Mitigation planning

Module 8: Life-Cycle Cost Estimating

• Cost element analysis
• Cost alternatives & TCO comparisons

Module 9: Integrated Baseline Review

• IBR supplier and customer exercises
• Cost validation and refinement

Module 10: Earned Value Management

• Performance Measurement Baseline
• EVM metrics and monitoring

Module 11: Measurement & Analysis

• Measurement selection
• Six Sigma considerations

Module 12: Integrated Logistics Support

• Reliability/availability modeling
• Redundancy recommendation analysis