| GAO Cost Guide - Managing and Maintaining Cost Estimates |
One Day Training |
| Designed for: all involved in cost and schedule planning and control processes involving cost estimates, earned value management, acquisition cost/schedule risk management for government programs. |
In-person, Class-room format, coming online |
| Keywords - GAO, Earned Value, Cost estimating, Cost analysis, EVM Audit, ANSI-748 Standards, Estimate at Completion, Risk assessment |
Credit: 8 CLUs |
| Learning Objectives |
- Course is designed to provide FAC / P-PM Level 2 Proficiency for "Business, Cost Estimating & Financial Managment"
- This course is designed to benefit Federal Government employees as well as their support Contractors
- Review key case studies and findings GAO used to prioritize EVM-related Cost Guide best practices
- Review key findings from the recent GAO report on Government-wide application of EVM
- Understand the process of establishing EVM Performance Measurement Baselines
- Understand the data elements and process of implementing updates to EVM status and reports
- Understand the data elements and proess of implementing changes to EVM Performance Measurement Baselines
- Understand the Estimate at Completion process and responsibilities
- Understand the concept of Independent EACs developed for Government oversight and forecasting
- Understand how to update cost estimates using information derived from EVM eporting and forecasting
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| Content / Agenda |
Awareness overview of GAO requirements for continuous updates to program cost and schedule estimates through integration with Earned Value Management System data. One of the key tenets of the GAO Cost Estimating and Assessment Guide is the requirement to establish and maintain an integrated Cost Estimating and Earned Value Management information processing environment. This course addresses the challenges and strategies related to achieving both organizational and technical integration of these essential program management disciplines.
- Cost Guide Objectives and Requirements for EVM
- Key Requirements Built from Lessons Learned
- New Developments Related to Government-wide Audit of EVM Applications
- Elements and Porcesses to Establish the EVM Performance Measurement Baseline
- Updating Actual Cost and Status Relative to the EVM PMB
- Managing Change and Maintaining Currency of the EVM PMB
- Developing and Integrating Estimates at Completion
- Integrating Cost Estimating and Earned Value Information Porcesses
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| Course Instructor |
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Bill Mathis, President CPIC Solutions, Federal CPIC Forum Board of Advisors, GAO Cost Guide Expert Panel Member and GAO Cost Guide Contributor |
| Mr. Mathis developed the materials and will lead this Professional Development event. Bill has over 25 years experience in program and portfolio cost, schedule, performance and risk management experience developed through service to numerous government and commercial customers worldwide. Bill is regularly asked to speak on a range of topics related to CPIC management processes and techniques at government and industry leadership forums. He was one of the Founding Members of the Federal CPIC Forum and is also an active advisor to the Government Accountability Office in the development of the Cost Estimating and Assessment Guide (GAO-09-3SP). |
