JCS40Data Analysis- Standard Analysis PackageSample Standar.ppt

EVM Quick-Look Report Top Issues Summary EVM Definitions TERMINOLOGY ACWP ACTUAL COST OF WORK PERFORMED (ACTUAL COST) BAC BUDGET AT COMPLETION (ALLOCATED BUDGETS) BCWP BUDGETED COST OF WORK PERFORMED (EARNED VALUE) BCWR BUDGETED COST OF WORK REMAINING BCWS BUDGETED COST OF WORK SCHEDULED (PLANNED VALUE) CBB CONTRACT BUDGET BASELINE (TOTAL AUTHORIZED WORK) CPI COST PERFORMANCE INDEX CV COST VARIANCE (BCWP-ACWP) EAC ESTIMATE AT COMPLETION (GOVERNMENT’S EAC) ETC ESTIMATE TO COMPLETE LRE LATEST REVISED ESTIMATE (CONTRACTOR’S EAC) MR MANAGEMENT RESERVE PMB PERFORMANCE MEASUREMENT BASELINE SPI PCHEDULE PERFORMANCE INDEX SV SCHEDULE VARIANCE (BCWP-BCWS) UB UNDISTRIBUTED BUDGET COMMON CAUSES FOR VARIANCE FAVORABLE POOR INITIAL PLANNING OR ESTIMATING TECHNICAL BREAK THROUGH COST OF LABOR AND MATERIAL LOWER THAN PLAN FRONT END LOADING METHOD OF EARNING BCWP UNFAVORABLE POOR INITIAL PLANNING OR ESTIMATING TECHNICAL PROBLEM COST OF LABOR OR MATERIAL HIGHER THAN PLAN INFLATION NEW LABOR CONTRACTS WORK STOPPAGE * Mohawk Vehicle - MEGA HERZ ELEC VEN - MOH-2 F04695-86-C-0050 J:\CS40\Data Analysis\- Standard Analysis Package/Sample Standard Analysis Package Bulls-Eye Cost/Schedule Variance The Bulls-Eye Chart provides overall status at a glance. The point labeled 0 represents the status for the current month. The point labeled 1 represents the status one month ago. The project is currently behind schedule. The project is currently over cost. Normally, a negative schedule variance will have a negative impact on cost by program completion. Special attention should be paid to cost for behind-schedule elements as the contract approaches completion. The Cost/Schedule Variance Chart graphically depicts the cost and schedule variances in percentages, and provides the associated values in dollars (in thousands). Currently, the contractor has an unfavorable schedule variance of -428 (-6%) and an unfavorable cost variance of -499 (-7%) The Budget at Completion (