The Cost Performance Report (CPR) Format 5 provides narrative explanation of cost, schedule, and other problems related to total contract, undistributed budget (UB), management reserve (MR), PMB, and manpower. The variance reporting thresholds are pre-determined prior to the start of the program.
Performance reports show the stakeholders the status of the project and its performance against the planned baselines. Examples of work performance reports include status reports, progress reports, trends report, earned value report, forecasting report, variance report, etc.
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