Contract Type – EVM
TYPES OF CONTRACT/ EVM EXERCISE
Instructions: Within the context of your Week 2 Business Case project you will address and identify the different types of contracts that are available for supply chain management.
You will copy and paste the Business Case.
For each of the six (6) contract types below you will provide a description of each contract type (based on the weekly readings and material from the textbook) and then identify where each of the contracts could be utilized within your project. These need to be specific examples and explain why the specific contract type would be ideal for these supplies (goods or services). There is no word minimum but each should cover the required material and provide a logical analysis of the specific information sought.
Firm-Fixed-Price (FFP) Contract:
Fixed-Price-Incentive-Fee (FPIF) Contract:
Fixed-Price-Economic-Price-Adjustment (FP-EPA) Contract:
Cost-Plus-Fixed Fee (CPFF) Contract:
Cost-Plus-Award-Fee (CPAF) Contract:
Cost-Plus-Incentive Fee (CPIF) Contract:
Instructions: You have been instructed to provide a detailed analysis of the current progress of cost and schedule for an on-going project. You have been provided the Planned Value, Earned Value, Actual Cost and Budget at Completion. You will calculate the Variances, Indexes and Estimates for the project to provide a comprehensive report on the project. The comprehensive report should explain how the results are calculated, what the results mean, and what specific action steps should or need be taken to bring the project back within scope. Definitions must cite Kloppenborg textbook.
|Planned Value (PV)|
|Earned Value (EV)|
|Actual Cost (AC)|
|Budget at Completion (BAC)|
|Schedule Variance (SV)|
|Cost Variance (CV)|
|Schedule Performance Index (SPI)|
|Cost Performance Index (CPI)|
|Estimate to Completed (ETC Method 1)|
|Estimate to Complete (ETC Method 2)|
|Estimate at Completion (EAC)|
|To-complete Performance Index (TCPI)|
Comprehensive Situational Analysis: