3. (10 points): You must answer the question completely and correctly to receive full credit. Given the chart below for month 20 of a 25 month project: a. (7 pts) Analyze the project. Include in your analysis the overall performance and any events that you believe are reflected in the results as shown by the data. b. (3 pts) Propose corrective actions that you think might be necessary and justify your corrective actions. HINT: Use EVM analysis, our class discussions and refer to problems 19, 20 and 22 to suggest project status, Scenario Codes, recommended actions and your overall assessment of the project. 30 TL EV 0 5 10 20 25 30 15 Months DOE EVMS GOLD CARD Can ICR DOE contrado AC ACWR Includes AM PVCWS VBCW VARIANCES CV EV- AC SV EVPV CV% . (EV-AC)/EV SV% . (EV-PV)/PV VAC BACEAC BCWP - ACWP . Cost Variance B CWP.BCWS Schedule Variance (BCWP - ACWP)/BCWP - Cost Variance (%) (BWP - BCWS)/BCWS Schedule Variance (%) Variance at Completion planned estimated time en completion completion PERFORMANCE BASELINE COMPONENTS (Performance Baseline w clearly document scope/KPPs, TPC and CD-4 date) AUW Authorized Unpriced Work (contractually approved, but not yet negotiated) CA - Control Account (includes AUW) - WP.PP CBB - Contract Budget Base - PMB.MR CP Contract Price CBB profit/fee MR - Management Reserve is held by contractor (Contingency is held by DOE) PB - Performance Baseline (TPC) - CP Contingency . DOE ODC PMB- Performance Measurement Baseline CASUB SLPPS PP - Planning Package (far-term activities within a CA) SLPP Summary Level Planning Package UB - Undistributed Budget (activities not yet distributed to CA) WP = Work Package near term, detailplanned activities within a CA) OVERALL STATUS % scheduled PV/BAC BWS/BAC % complete EV /BAC - BCWP/BAC budget spent - AC /BAC - ACWP /BAC Work Remaining (WR). BACV BAC BCWP. EVMS BASIC COMPONENTS AC Actual Cost ACWP Actual Cost of Work Performed EV Earned Value BWP - Budgeted Cost of Work Performed PV Planned Value BWS Budgeted Cost of Work Scheduled BAC - Budget at Completion IBCWS - Sum of Budgeted Cost of Work Scheduled PERFORMANCE INDICES CPI E V/AC - BCWP/ACWP - Cost Performance Index SPI E V/PV - BWP/BCWS - Schedule Performance Index TCP - WR/(BAC - ACWP ) BAC-based To Complete Performance Index TCP - WR/(EAC ACWP) - EAC-based To Complete Performance Index COMPLETION ESTIMATES EAC - BAC/C Estimate at Completion (general) EACON AC WR/CPL - Estimate at Completion (CPU) EAC AC WR/CPL SP .) - Estimate at Completion composite) ETC EACAC Estimated to complete For analysis purposes, AC, V and PV calculations may be based on various time periods, 8, monthly, cumulative, last 3 months from CD-2 or BCP or internal replan. Version Sep 2011