|Student Name:||1st Lt Denis Clayson|
|Thesis:||Cost Performance Stability in DOE Office of Environmental Management Projects|
|Location:||B640 Rm 103-A (ENV conf room)|
|Date & Time:||02/20/2014 at 1230|
|Abstract:|| The Department of Energy (DOE) Office of Environmental Management (EM) has faced significant cost performance issues as it seeks to remediate Cold War nuclear weapons development site across the United States. The DOE has implemented Earned Value Management (EVM) as a project management tool to help track cost and schedule performance. The cost performance index (CPI), an EVM cost efficiency measure, tracks if a project’s costs are following the original project baseline. Original research within the DoD has led to a heuristic that the CPI of a project should stabilize by 20 percent completion. This research examined if EM remediation projects follow the 20 percent CPI stability rule, and which factors significantly contribute to CPI stability. This research found that EM projects do not follow the 20 percent stability rule, and that the median stability point is 41 percent using the interval method. After performing nonparametric comparisons, it was found that the project type, the project budget at completion, the project start date, and a project’s final CPI were the most influential variables affecting overall CPI stability.