4 Cost and Schedule A Bampton PNNL Subcommittee
4. Cost and Schedule A. Bampton, PNNL / Subcommittee 7 • • • OFFICE OF SCIENCE Project funding profile was modified from that approved at CD-2; $5. 3 M was accelerated into FY 16. 98% ($? ? M) of DOE funded procurements are ready for acquisition, 87% ($? ? M) of final design. The project team has been aggressively working require procurement. • 30% of procured items received, valued at $5, 172 K • 37% of items on Order, valued at $6, 210 K • 28% of procurements are ready to be place, valued at $4, 831 K • Only 5% of total procurements are not fully defined, valued at $782 K FDR’s have been completed on the Corrector Assembly, Focal Plane Assembly, Fibre System, Spectrograph System, Instrument Control System, and the Data Systems (Level 2 WBS areas) except WBS 1. 09 Assembly, Integration & Testing, Commissioning which is scheduled for December 2016. CD-3 Approval is on the critical path. 1
4. Cost and Schedule A. Bampton, PNNL / Subcommittee 7 • • • OFFICE OF SCIENCE Overall contingency is based on risk analysis including risk register, design/estimate maturity and coverage during the 28 months of schedule contingency prior to CD-4. FY 17 BA/BO constrains available contingency to ~$1. 4 M. The project leadership has several alternatives/options identified (they said this, do we know what they are? ? Did we see them? ) to maintain pursuit of Objective KPPs if contingency becomes short, however, no contingency spend guidance is documented. A leading option is to slip schedule on some non-critical path activities. Cost estimate volatility has been higher on labor than non-labor. Vendor procurement costs have varied little from estimates. 2
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