week6

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/definition of each contract type as provided within the Kloppenborg textbook (properly cite the textbook for these definitions/descriptions). You will 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 resources and/or supplies (goods or services). Each contract type has a 100-word minimum.

Business Case:

Fixed-Price Contracts

Firm-Fixed-Price (FFP) Contract:

Fixed-Price-Incentive-Fee (FPIF) Contract:

Fixed-Price-Economic-Price-Adjustment (FP-EPA) Contract:

Cost-Reimbursable Contracts

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. Provide these numbers within the provided chart. Only provide the number calculated; do not include the formula . You will explain how these are calculated as part of the Comprehensive Situational Analysis.

The Comprehensive Situational Analysis should explain 1) how the results are calculated, 2) what each of the results mean, 3) the situation of this hypothetical scenario based on each calculation and 4) what specific action step(s) are recommended to bring the project back within scope. Definitions must cite Kloppenborg textbook.

Planned Value (PV)	$1,250,000
Earned Value (EV)	$800,000
Actual Cost (AC)	$1,050,000
Budget at Completion (BAC)	$2,500,000

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 Method 1)
Estimate at Completion (EAC Method 2)
To-complete Performance Index (TCPI)

Comprehensive Situational Analysis: