Description: This virtual instructor-led training (VILT) course offers hands-on experience in dealing with common financial issues in acquisition that include cost estimating, earned value management (EVM) analysis; Planning, Programming, Budgeting, and Execution (PPBE); congressional enactment; and budget preparation and execution.

Level: Intermediate  

Prerequisite: BCF221—Intermediate Financial Management Concepts   

Advance Preparation: N/A

Recommended CPE: 40 CPEs

CPE Field of Study: Specialized Knowledge and Application

Learning Objectives:

At the completion of the course, learners will be able to:

• Identify cost-schedule-performance tradeoffs in light of Cost as an Independent Variable (CAIV) given a Capability Production Document (CPD), an Acquisition Program Baseline (APB), an Acquisition Strategy in a team role-play scenario.

• Develop a Component Cost Position given a Cost Analysis Requirements Description (CARD), Program Office Estimate (POE), and a Component Cost Analysis (CCA).

• Apply escalation indices and basic funding policies to build a program budget given a scenario, program documentation, and an electronic spreadsheet.

• Perform impact analysis and prepare responses required to achieve full funding for the program in the Future Years Defense Program (FYDP) given prepared program information (master plan/schedule, program budget, acquisition strategy), Program Issues, and a service's preparation of the Program and Budget submission.

• Prepare program budget exhibits for procurement (P-5, P-5A, P-21, P-40 forms) and RDT&E (R-2, R-2a, R-3, and R-4 forms) given program information (master plan/schedule, program budget, acquisition strategy), a service Program Decision, a published budget call letter, Financial Management Regulation (FMR) budget exhibit preparation instructions, current "fact of life" program execution information, and prior-year budget exhibits

• Develop responses as required for comptroller/budget analyst advance questions, budget hearings, and Resource Management Decisions (RMDs), given a scenario and prepared program budget exhibits.

• Determine the best outcome given various congressional situations.

• Evaluate Earned Value Management (EVM) information to program performance, trend analysis, budget impact, and program documentation given a scenario, program documentation, cost data, and computer support.

• Prepare a request for reprogramming given a scenario and funds management documentation.

• Assess program execution funds status given a scenario, funds management documentation, and /or reports.

• Assess the impact of expired and canceled funds given a scenario.

• Assess the propriety of funds given a scenario.

  Additional Information: Refund for courses sold for a fee/Cancellation Policy 30 days prior to the start of the course. Registration; Schedule; Complaint resolution policy available upon request. Students must meet prescribed mastery standards by achieving 80% or higher on all assessments and/or 80% or higher on the weighted measure of all coursework.