ABSTRACT
Cost Performance Reports Analysis Cost performance reports (CPRs) have become useful in uncovering areas in which technical problems are causing variances. In these reports, team members explain cost and schedule variances using narrative to indicate the specific problem causing the variance. Many of the variances reported can signal risk situations as they are developing, such as late vendor or subcontractor deliveries. Continuing these types of schedule slips can put an entire project schedule at risk. Normally, project managers are limited in what they can do to alleviate these situations except when the sponsoring organization is causing the delays. In such cases, high-level coordination with the sponsoring organization can sometimes alleviate problems. However, this does not always work. For example, tight control over a highly specialized, highly technical subcontractor may not be very effective and the risk of inaccurate specialty work may add risk to risks in other areas of the project.
