Basic Qualifications for level 3: For the level 3/Principal position: 6 years of related professional/military experience with Bachelor's degree to include a background of project management, program management, contracts, program operations, business management, or budgeting; OR 4 years of related professional/military experience with a Master's degree project management, program management, contracts, program operations, business management, or budgeting. Principal position: 10 years of related professional/military experience with Bachelor's degree to include a background of project management, program management, contracts, program operations, business management, or budgeting; OR 8 years of related professional/military experience with a Master's degree project management, program management, contracts, program operations, business management, or budgeting.