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Cost Performance Report – Project PASS PMP
Folder: /30-cost-management/
Bloom’s Level: 2 – Understanding (Interpret, Summarize, Explain)
Purpose
This report summarizes the current cost health of Project PASS PMP.
It compares actual costs against the Cost Baseline and tracks variance using core Earned Value Management (EVM) metrics.
Reporting Period
| Report Date | From | To |
|---|---|---|
| Oct 15, 2025 | Oct 1, 2025 | Oct 15, 2025 |
Cost Metrics
| Metric | Description | Value | Notes |
|---|---|---|---|
| Planned Value (PV) | Budgeted cost for work scheduled | $5,000 | Based on baseline |
| Actual Cost (AC) | Cost incurred for work completed | $5,500 | Includes overages |
| Earned Value (EV) | Budgeted cost for completed work | $4,500 | Less completed than planned |
| Cost Performance Index (CPI) | EV ÷ AC | 0.82 | Over budget |
| Cost Variance (CV) | EV − AC | –$1,000 | Behind plan |
| Estimate at Completion (EAC) | Forecasted total cost | $11,500 | Trend-based projection |
| Budget at Completion (BAC) | Total approved budget | $10,000 | From Cost Baseline |
📌 CPI < 1.0 means the project is over budget.
CV < 0 indicates cost overrun.
EAC > BAC means final costs will exceed planned budget.
Summary Commentary
As of this report:
- Several contributors logged more hours than expected for content development
- Glossary and case study work required extra iterations
- Contingency funds may be applied; reforecast needed
- Team plans to reduce effort on styling and visual polish to recenter budget
References
📌 This report will be updated bi-weekly, aligned with milestone checkpoints.