X hits on this document

PDF document

ANALYSIS CONSIDERATIONS - page 1 / 2

5 views

0 shares

0 downloads

0 comments

1 / 2

ANALYSIS CONSIDERATIONS

Favorable and unfavorable variances should be carefully evaluated. The program analyst should examine and understand the reasons for underruns as well as overruns because they could be masking a serious problem.

Establishing Thresholds for Reporting and Analysis

  • Establish threshold reporting based on risk and tailored to WBS by specific dollar amount and/or variance percentage

  • Identification of threshold reporting should also consider program phase, risk and WBS criticality

Good Variance Analysis Identifies

  • The Problem

  • Cause of the Problem

  • Impact to the Program (Cost, Schedule

and Technical)

  • Corrective Action

  • Get well date

Areas to Address

  • Poor initial planning or estimating

  • Technical breakthroughs or problems

  • Cost (or usage) of labor, material, or Other Direct Costs higher or lower than planned

  • Inflation and new labor contracts

  • Front-end loading

Reconciliation Analysis

  • Other budget/funding documentation

  • Labor resource planning documentation

Dollars

EVM Performance Reporting Key Data Elements

Estimated Cost At Completion

Reporting Cut-Off Date

Projected Overrun

Total Budgeted Cost

Actuals

Plan

Projected

Cost Variance

Projected

Mgt Res

Budget At Completion

Projected Slippage

Schedule Variance

Earned Value

250

TIME

NASA EVM Website: http://evm.nasa.gov

Marshall Space Flight Center EVM Focal Point

Frank G Hicks Phone: 256-544-5289 Fax: 256- 544-5748 Email: frank.hicks@msfc.nasa.gov

Mailing Address: Building 4200, RS40 Marshall Space Flight Center MSFC, AL 35812

EARNED VALUE MANAGEMENT (EVM)

Do You Know The Health of Your Program?

Document info
Document views5
Page views5
Page last viewedMon Dec 05 07:59:53 UTC 2016
Pages2
Paragraphs157
Words590

Comments