What is over target schedule?

What is over target schedule?

An over target schedule (OTS) is the term used to describe a condition where a baseline schedule is time-phased beyond the contract completion date. While an OTS may be implemented without adding additional budget (OTB), this is normally not the case.

What is a single point adjustment?

A Single Point Adjustment (or SPA) refers to eliminating cumulative performance variances, replanning the remaining work, and reallocating the remaining budget to establish a new PMB.

Which of the following is a valid reason for rhe baselining the performance measurement baseline?

Which of the following is a valid reason for rebaselining the Performance Measurement Baseline (PMB)? The plan for completing the remaining contract effort is no longer achievable. Which of the following test items are determined by the Program Management office that is developing a system?

What does OTS date mean?

Series Termination Date means the date designated as such in the Series Term Sheet. Optional Termination Date The Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10% or less of the Cut-off Date Pool Principal Balance.

What is an over target baseline?

Definition. Reprogramming actions involving establishment of cost or schedule objectives that exceed the desired or contractual objectives of the program. An OTB is a new baseline for management when the original objectives cannot be met and new goals are. needed for management purposes.

How do you calculate PMB?

Creating the PMB therefore translates to developing these three project baselines and using them as the performance measurement baseline.

1. Step 1) Develop Scope Baseline.
2. Step 2) Develop Schedule Baseline.
3. Step 3) Develop Cost Baseline.
4. Step 4) Determine the Performance Measures/Indicators.

Why is baseline performance important?

Why Is Baselining Important? Establishing a baseline allows you to assess performance throughout the duration of a project. If a project is performing behind time schedule or above budget, it is time to either make changes to the baseline or add more resources by increasing time or costs.

How long is the wait for OTS?

The average official wait time for a selected candidate is 12-36 months.

How many times can I apply to OTS?

You can only take the AFOQT twice without a waiver and you must wait 150 days between attempts, so study hard and be prepared.

What is OTB EVM?

The EVMS guidelines define an OTB as “a recovery plan, a new baseline for management when the original objectives cannot be met and new goals are needed for management purposes.” An over target baseline is best explained by understanding its relationship with the Total Allocated Budget (TAB).

What is PMB in project management?

Definition. The baseline cost that encompasses all contractor project work packages and planning packages, derived from summing all the costs from the Work Breakdown Structure.

How is planned value calculated?

The formula for calculating Planned Value is: PV = % of project completed (planned) x Budget at completion (BAC – Budget at Completion which is the total budget of the project). If you are lucky enough to have a linear project where time and cost are the same every day to completion, Planned Value will be very simple.

What is baseline schedule?

Schedule baselines are projected schedules, based on information that is known to date. Dates and estimates in baseline schedules are expected to change through execution.

How do you prepare a baseline schedule?

How to Create a Project Schedule Baseline (6 Illustrated Steps)

1. Identify Activities and Dependencies.
2. Estimate Durations and Resource Needs.
3. Create a Schedule Model.
4. Seek Approval.
5. Communicate the Schedule Baseline.
6. Use and Maintain the Schedule Baseline.

How hard is it to get selected for OTS?

The current acceptance rate for Air Force Officer Training School is 65%. Though the acceptance rate is not extremely low it does reject plenty of candidates. The Air Force expects high performance in college with a 3.2 GPA or higher for a better likelihood of getting accepted.

Can officers date other officers?

All branches of the United States military maintain regulations that govern dating, and any fraternization, among both officers and enlisted soldiers. Since 1984, improper fraternization has been recognized as a punishable offense.

What happens when you fail OTS?

What happens if I fail Air Force OTS? Officer recruits that get accepted for Officer Training School yet fail the program generally have one of two options. If the trainee is not being eliminated for failure to meet military standards he or she receives an assignment to another military unit for service.

What is over target baseline?

Which of the following describes an over target baseline OTB?

An Over Target Baseline (OTB) is a Total Allocated Budget (TAB) that was formally reprogrammed to include additional performance management budget and therefore exceeds the contract target cost.

What is PMB in earned value?

Performance Measurement Baseline

The Performance Measurement Baseline (PMB) is an important tool in earned value management used by Program Managers and Systems Engineers in the Technical Assessment Process to appraise a program’s technical progress.

What is the difference between earned value and planned value?

Planned value provides a baseline measurement of delivery value over time that can be achieved based on the original project plan. Earned value uses the same valuation method but represents the work that is actually completed, or earned.

What is project CPI and SPI?

The Cost Performance Index (CPI) is defined as the ratio of Earned Value to Actual Cost, while the Schedule Performance Index (SPI) is defined as the ratio of cumulative Earned Value to cumulative Planned Value (PMI, 2000). Both CPI and SPI are traditionally defined in terms of the cumulative values.

What is the difference between project schedule and schedule baseline?

Project Schedule is a “living” document, whereas Schedule Baseline is “frozen”. Project Schedule is the “actual”, whereas Schedule Baseline is the “plan”. Project Schedule is a Project Document, whereas Schedule Baseline is a part of the Project Management Plan.

What are the 5 phases of IT projects?

Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, project planning, project execution, performance/monitoring, and project close.

What is included in a baseline schedule?

A baseline schedule is one of the main project management documents that should be created before the project starts. It sets out the project execution strategy, key project deliverables, activity planned dates and milestones. Activities are grouped under different work breakdown structure levels.