Introduction

BUSINESS, COST ESTIMATING AND FINANCIAL MANAGEMENT (BCEFM)

This career field encompasses all aspects of business financial management. It includes cost estimating, financial planning, formulating financial programs and budgets, budget analysis and execution, and earned value management. As advisors to commanders, Program Executive Officers (PEOs), program managers, or other acquisition decision makers, individuals in this career field are responsible for business financial management of defense acquisition programs in direct support of the defense acquisition process.

BCEFM includes a number of topics (see below). Scroll down this page for more general information on BCEFM or click on one of the following links to sub-topic pages where you can find useful information, start a discussion, or share your knowledge.

• Cost Estimating - Requirements for acquisition program cost estimates; estimating methodologies; learning curve; links to the Service cost analysis agencies and much more....
• Defense Industry Business Management - financial management from the perspective of the defense contractor; evaluating a company's financial condition; business strategies and much more....
• Financial Management - financial management from the government perspective. Topic includes budget formulation (building a budget), budget enactment, and budget execution. Select this link for the Financial Management topic page or for more details on the particular aspects of DoD financial management click on the following links directly to sub-topic pages:
  • Budget Policy - DoD budgeting policies (full, incremental, annual, etc); link to the DoD Financial Management Regulation; other useful links; budgeting implications of contract types; Working Capital Funds; and much more...
  • PPBE - The Planning, Programming, Budgeting and Execution (PPBE) System; Structure of the Future Years Defense Program (FYDP); Budget Exhibits and much more...
  • Budget Enactment - Congressional budget enactment process; DoD acquisition program oversight report requirements; links to recent legislation affecting DoD; links to sites covering Congressional activity and much more...
  • Budget Execution - Apportionment of funds; execution process; fiscal law; reprogramming; obligation and expenditure plans; useful links and much more...
• Earned Value Management - Theory and application of EVM.