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THE TRACKING PHASE 9

actual cost (ACWP—Actual Cost of Work Performed) is compared to the
earned value (BCWP) to compute the CV. You’ll find extensive coverage of
earned value analysis and performance management in Section 8.
• Evaluate Performance
Use your actuals measurements to track SV and CV and to analyze when
progress does not support the plan. Using WBS frameworks, you can ana-
lyze the data at a high level. Where an out-of-tolerance condition exists, drill
down to the details to find the source of the anomaly.

The data can be analyzed in tabular or graphic formats. The data can be
produced either directly from the CPM program, or data can be exported to
other applications for eventual presentation. The latter option allows for com-
bining data from multiple sources or for adding special formatting or notation.

Figure 1.1b illustrates a Cost/Schedule Status Report. Figure 1.1c com-
pares BCWS, BCWP, and ACWP. Figure 1.1d shows cost (CPI) and sched-
ule (SPI) performance trends.
• Forecast, Analyze, and Recommend Corrective Action
There’s no sense in collecting all of these data, analyzing, and evaluating, un-
less you’re going to do something about the results. Use these data to fore-

Figure 1.1b CSSR Report

Project Workbench – evtes102.aca – [Cost Schedule Status Report [CSSR]]
File Edit View Setup Operations Window Help

Phase One BCWS BCWP ACWP SV CV BAC EAC VAC

Sort by Category 200.0 200.0 250.0 .0 –50.0 200.0 250.0 –50.0
120.0 80.0 100.0 –40.0 –20.0 200.0 220.0 –20.0
Task Name 120.0 40.0 –80.0 200.0 200.0
Phase One 40.0 .0 .0
Wk Pkg A 200.0 200.0 .0 200.0 200.0
Task 1 120.0 160.0 200.0 40.0 .0 200.0 120.0 .0
Task 2 80.0 80.0 80.0
Task 3 500.0 500.0 .0 500.0 500.0
Wk Pkg B .0 .0 500.0 .0 .0 500.0 500.0 .0
Task 10 .0 .0 .0
Task 11 300.0 300.0 .0 500.0 500.0
Phase X 300.0 .0 .0
Task 20 500.0 .0 –500.0 500.0 500.0
Task 21 200.0 .0 .0 –200.0 .0 200.0 200.0 .0
Phase Y 100.0 .0 .0 –100.0 .0 100.0 100.0 .0
Task Y 100.0 .0 .0 –100.0 .0 100.0 100.0 .0
Phase Z .0 .0 .0
Task 30
Task 31
Task 32
Task 33

<F8> Modify <Inc> – Insert <Del> – Delete