FPM 132: Fundamentals of Contracting
This three-day course provides the foundation for basic concepts required by the Contracting Competency. This course covers the fundamentals needed to effectively manage Federal contracts and acquisitions. Program and Project Managers (P/PMs) are required to have a thorough understanding of Federal contracting actions and the policies that apply to the acquisition process. This course introduces Federal contracting and focuses on the different phases of the acquisition lifecycle: acquisition planning, contract formation, and performance & administration. The course also introduces and explains the critical steps that must be taken to have a successful contracting process.
• Describe the purpose, goals, and roles & responsibilities of the Federal acquisition system
• Discuss the importance and key aspects of acquisition planning
• Describe the elements of contract formation: solicitation, evaluation, and award
• Explain the functions performed to terminate and closeout a contract
1 year of project management experience in the last 5 years