CON 100: Shaping Smart Business Arrangements

Register Now Click class session below to register

Classes & Locations

Washington, DC


Denver, CO


San Francisco, CA


Seattle, WA


Vienna, VA


Washington, DC

Course Details

  • PRICE:  $995.00
  • LENGTH:   5 days
  • FORMAT:  Lecture; discussion; facilitated group work on practical exercises, elements of which are graded; business simulation; video; and independent readings.
  • LEVEL:  Basic
  • FIELD OF STUDY:  Finance
  • CPE CREDITS:  40

                                                                    
 

Personnel newly assigned as GS-1102 Contract Specialists and others needing this course for certification will obtain a comprehensive understanding of the environment in which they will serve. Students will develop professional skills for making business decisions and advising other acquisition team members to successfully meet customers’ needs. Participation in small group simulation exercises will prepare students to provide contracting support within the overarching business relationships of government and industry.
 
Note: Management Concepts has tailored this course to make it relevant for civilian agencies as well as DoD contracting personnel.  
 
Suggested Prerequisite: None
 
Course Objectives:
After successful completion of this training course, the student will be able to:
  • Understand the vision and focus of the acquisition environment
  • Identify the customer’s mission
  • Conduct business as a member of the acquisition team
  • Develop professional skills for making smart business decisions
  • Effectively work with the financial and contractor communities
  • Identify various types of procurement alternatives
  • Recommend smart business decisions that best support the customer and comply with laws and regulations
  • Set goals for personal career growth
Major Topics:
  • Acquisition Environment
What is acquisition? Similarities and differences between private and public sectors. The acquisition mission. Influences on the acquisition environment. Historical perspective of the acquisition environment. 
  • The Contracting Customer
Contracting mission. Customer mission areas.
  • Building Blocks for Effective Acquisition Teaming
The acquisition team. Contracting professional’s added value.    What’s the big fuss about teamwork? Key success factors for effective team building. Interactive teaming styles. Effective communication.
  • Decision Making and Problem Solving
Relationship between decision making and problem solving. Problem solving steps and tools.
  • Procurement Ethics and Acquisition Oversight
Standards of conduct and ethical principles. Ethical values and decision-making plans. Actions to fight fraud, waste, and abuse. Acquisition oversight and impact of oversight organizations on the acquisition process.
  • Commercial Marketplace — The Preferred Approach
Preference for buying commercial items. Commercial off-the-shelf items, modified commercial items, nondevelopmental items, and government unique items. Market research.
  • Financial Fundamentals for Contracting Professionals
Types of appropriations. Anti-Deficiency Act, Misappropriations Act, and bona-fide need rule. Financial management. 
  • Introduction to the FAR
Constitutional and statutory authority for procurement. The FAR system. Agency FAR supplements. FAR conventions.
  • Win-Win-Win Contracting
Win-win-win outcomes. Buyer and seller motivations. Contractor considerations in doing business with government. Competing factors in the acquisition environment. Business strategies to manage risk.   
  • Zodiak: The Game of Business Finance and Strategy
Understanding what it’s like to be a government contractor.
  • Business Alternatives Other Than a New Contract
Providing mission area support. Required sources. Economy Act. Ordering instruments and agreements. Undefinitized contract actions. Governmentwide commercial purchase card.
  • Business Alternatives: Initiating a New Contract
Factors influencing a new contract. Methods of procurement. Contract types. The acquisition process.
  • Law Basics
Fundamental concepts of the legal process. Role of contract law in federal government.  Sources of procurement law. Contracting authority. Elements of a contract. Protests. Problems during contract performance.
  • Leadership
Principles of leadership. Leading change – the keys to success.
  • E-Business in the Acquisition Process
Definitions, roles, and functions. Integrated acquisition environment. E-business benefits and challenges. Impact of using inaccurate data. 
  • Your Professional and Career Development
Federal Acquisition Certification in Contracting (FAC-C) requirements. Defense Acquisition Workforce Improvement Act (DAWIA). Technical and business competencies. Contracting career opportunities. Individual development plans (IDP).
 
ACE Recommendation: 
 
October 2005 to March 2010: In the lower division baccalaureate/associate degree category, 2 semester hours in Business Administration, Public Administration, Procurement, Purchasing, or Contract Management.
 
April 2010 to present: In the lower division baccalaureate/associate degree category, or upper division baccalaureate degree category, 2 semester hours in Business Administration, Public Administration, Procurement, Purchasing, or Contract Management. 
 

Suggested Follow-on Resources: