Charts and Reports for Sample Analysis Package This presentation shows charts and reports that are commonly used in reporting and analyzing of Earned Value and scheduling data. This presentation will also illustrate how to access these charts and reports within Empower. May 18, 2021 1
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Charts and Reports for Sample Analysis PackageThis presentation shows charts and reports that are commonly used in reporting and analyzing of Earned Value and scheduling data. This presentation will also illustrate how to access these
charts and reports within Empower.
May 18, 2021
1
Cum Element Performance
• The Cumulative Element Performance Chart graphically depicts the cumulative Budgeted Cost of Work Scheduled (BCWS), Budget Cost of Work Performed (BCWP), Actual Cost of Work Performed (ACWP) and the Estimate to Complete (ETC) in millions.
• Currently, the contractor’s Earned Value (BCWP) is $42.43M and the Actual Costs (ACWP) are $56.91M.
• These elements are the foundation for the cost and schedule variances.
2
Cumulative Variance Chart
• The Cumulative Variance Chart graphically depicts the cumulative cost and schedule variances, along with the variance at complete (VAC) in millions.
• Currently, the contractor has an unfavorable schedule variance of -2.97M, an unfavorable cost variance of -14.47M and an unfavorable VAC of -31.83M
3
EAC Validity Chart
• The EAC Validity Chart compares the contractor's Latest Revised Estimate (LRE) to several statistically derived values for the Estimate at Completion (EAC). The LRE and EAC are terms that are often used interchangeably, representing the estimate of the total direct charges against the contract. The LRE should be somewhere within the range of the calculated values.
• Currently, the NiteHawk LRE of 88M is 32M greater than the BAC of 56M.
• The LRE appears to be below the above the statistically derived values.
• Since the LRE falls outside the range of calculated values, the contractor should re-evaluate the LRE as soon as possible.
4
SPI/CPI Chart
• The Schedule and Cost Performance chart illustrates the current period and cumulative cost and schedule efficiency rates.
• To date, the cost performance efficiency has been 0.746. In other words, for each dollar spent, the contractor has accomplished $0.75 worth of the work budgeted.
• To date, the schedule performance efficiency has been 0.935. In other words, for every estimated hour of work, the contractor is completing only 0.94 hours and the project is behind schedule.
5
AI (Artificial Intelligence) Report
• The AI Narrative report is a rule-based report that converts the project performance metrics to a sentence-based analysis.
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Six Period Summary Report
• The Six Period Summary displays the last six periods of performance data and the resulting calculated metrics.
• Current period values are denoted by a trailing “_c” (e.g., “BCWS_c”).
• The report is grouped by current/incremental values, cumulative values, values at completion, and statistical forecast values.
Weighted VAR: Cost = 80.0%, Schedule = 20.0, Performance Factor = 1.00Forecasts are generated independently for each level.
NiteHawk 12/31/16 WBS Dollars [00000000 : NiteHawk]Six Period Summary
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Quick- Look Report
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EVM Definitions
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ACWP Actual Cost of Work Performed – Cost actually incurred in accomplishing work performed aka Actual Cost (AC)BAC Budget At Completion – Total budget for total project/contract thru any given levelBCWP Budgeted Cost for Work Performed – Value of completed work in terms of the work’s assigned budget aka Earned Value (EV)BCWS Budgeted Cost for Work Scheduled – Time-phased Budget Plan for work currently scheduled aka Planned Value (PV)BEI Baseline Execution Index – Similar to the SPI, the metric used to indicate the efficiency with which actual work has been accomplished when
measured against the baseline. It compares the cumulative number of baselined tasks actually completed each month to the cumulative number of baselined tasks scheduled to be completed each month. To assess whether the tasks actually completed as planned during a current month, calculate the Hit/Miss Task %.
CPI Cost Performance Index – A measure of cost efficiency. Worth of work for every dollar spent. It compares BCWP to the actual cost to perform that work (CPI = BCWP / ACWP).
EAC Estimate At Completion – Estimate of total cost for project/contract thru any given level generated by Supplier. The Supplier’s EAC is also known as Latest Revised Estimate (LRE).
ETC Estimate To Complete – Expected/anticipated costs needed to complete the remainder of work on project/contract.IPMR Integrated Program Management Report – Consists of seven formats containing data for measuring cost and schedule performance on Government
acquisition contracts (Formats 1-5 formerly the Contract Performance Report (CPR)):Format 1 defines cost and schedule performance data by product-oriented WBS elements.Format 2 defines cost and schedule performance data by supplier's organization structure.Format 3 defines changes to the Performance Measurement Baseline (PMB). Format 4 Defines staffing forecasts. Format 5 is a narrative report used to provide the required analysis of data contained in Formats 1-4 and 6. Format 6 defines and contains the Integrated Master Schedule (IMS).Format 7 defines the time-phased historical and forecast cost submission.
PMB Performance Measurement Baseline – The time-phased budget plan for authorized work.SPI Schedule Performance Index – A measure of schedule efficiency. It compares the BCWP to the work scheduled (SPI = BCWP/BCWS). An index of 1.0
means the work is being performed right to the schedule. SPI > 1.0 means that the work is ahead of schedule. SPI < 1.0 means that the work is behind schedule.
VAC Variance at Completion – Comparison of the BAC to the EAC through any given level (expected overrun or underrun of total costs)
Schedule Assessment Report
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• The Schedule Assessment Report reflects how many tasks within the schedule are linked to the Cost Data.
• The system reflects Baseline Execution Index (along with Goal)
• Can be viewed at lower WBS levels and additional fields are viewable.
Earned Schedule Dashboard
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Earned Schedule Report
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Earned Schedule Formulas
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Things to Remember:• Earned Schedule is not a replacement for Earned
Value, but an extension of the analysis.• Similar to EV schedule metrics- negative value is
underperforming- it measures “time”, not “$”.• LOE can skew indicators, focus should be on