AP4.5. ANALYSIS AND MANAGEMENT REPORTS
AP4.5.1. At least on a monthly basis,
generate the following information at the control account and other levels
as necessary for management control using actual cost data from, or
reconcilable with, the accounting system:
AP220.127.116.11. Comparison of the amount of
planned budget and the amount of budget earned for work accomplished. This
comparison provides the schedule variance.
AP18.104.22.168. Comparison of the amount of
the budget earned and the actual (applied where appropriate) direct costs
for the same work. This comparison provides the cost variance.
AP4.5.2. Identify, at least
monthly, the significant differences between both planned and actual
schedule performance and planned and actual cost performance, and provide
the reasons for the variances in the detail needed by program management.
AP4.5.3. Identify budgeted and applied (or actual)
indirect costs at the level and frequency needed by management for effective
control, along with the reasons for any significant variances.
AP4.5.4. Summarize the data elements and associated
variances through the program organization and/or work breakdown structure
to support management needs and any customer reporting specified in the
AP4.5.5. Implement managerial actions taken as the
result of earned value information.
AP4.5.6. Develop revised estimates of cost at
completion based on performance to date, commitment values for material, and
estimates of future conditions. Compare this information with the
performance measurement baseline to identify variances at completion
important to company management and any applicable customer reporting
requirements including statements of funding requirements.