Scheduling and Cost Control for Federal Government Projects (FPM 113)

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  • Explain the relationship between core project management life cycle components and scheduling and cost control
  • Oversee the application of Total Life Cycle Systems Management (TLCSM) to analyze the impact of decisions on the agency’s system and the life cycle consequences of those decisions on system performance and affordability
  • Use cost estimating processes, methods and techniques to manage and control project costs, schedules, and performance
  • Describe how OMB A-94 can serve as a checklist for sound benefit-cost and cost-effectiveness analyses
  • Use a practical process to manage project cost, schedule and performance
  • Describe the agency’s policy/instructions for financial planning, programming, budget development and budget execution using OMB A-11
This course provides an introduction to scheduling resources and controlling costs on federal government projects. Participants learn techniques for cost estimating, forecasting and budgeting. After developing precedence diagrams, participants gain experience identifying float, lag and lead, and constructing a project schedule. The course also covers establishing project baselines and cumulative cost curves.

To meet the FAC-P/PM requirements, participants also learn the value of earned value management (EVM). The course discusses the use of EVM in monitoring and controlling a project and how to interpret the earned value data. Upon completion of the course, participants can use EVM to determine and communicate when a project is out of control and determine schedule and cost variances.
  • Essential Background
    • Overview of project management life cycle
    • Project constraints
    • Planning tools
    • Project requirements
    • The work breakdown structure (WBS) review
  • Business Financial Planning and Management
    • Total Life Cycle Systems Management
  • Cost Estimating
    • Using estimates for scheduling and cost control
    • Basic rules of estimating
    • Levels of estimating and estimate types
    • Estimating methodologies
    • Identifying controllable costs
    • OMB A-94, benefit-cost and cost-effectiveness analyses
  • Earned Value Management Process
    • EVM and cost, schedule and performance
    • EVM variables and metrics
    • Integrated Baseline Review (IBR) process
  • Department/Agency Programming, Planning and Budget Type
    • Agency processes for preparing, submitting, and executing the budget