5. Discuss all ground Met. Documented in the rules and assumptions Document. 6. Include auditable and Met. BOEs document traceable data sources for sources and methods for each cost element and creating the estimate data. document for all data sources how the data were normalized. 7. Describe in detail the Met. BOE documents estimating methodology this information. and rationale used to each WBS element's cost (prefer more detail over less). 8. Describe the results of Partially Met. Developing the risk, uncertainty, and Monte Carlo model for risk, sensitivity analyses and estimate uncertainty whether any contingency in BOE. No funds were identified. analysis. 9. Document how the Met. The estimate is being compares to the aligned to a funding profile funding profile. using the RLS. Partially met. Certain cost 10. Track how this compares to any estimate variances from previous estimates. are documented but not comprehensively for the project. 1. Develop a briefing that Information will be presented Agree with project presents the documented at the ICR, and a briefing is team assessment. LCCE. planned to the ESAAB. 2. Include an explanation Information will be presented of the technical and at the ICR, and a briefing is planned to the ESAAB. baseline and Present any uncertainties. estimate to 11 3. Compare the estimate N/A at this stage of the management to an independent cost PIP-II CF plans to for approval estimate (ICE) and an ICE to support any differences. refinement of the cost and schedule estimates prior to CD-2. A comprehensive ICE will be done by DOE prior to CD-2.
5. Discuss all ground rules and assumptions Met. Documented in the Document. 6. Include auditable and traceable data sources for each cost element and document for all data sources how the data were normalized. Met. BOEs document sources and methods for creating the estimate data. 7. Describe in detail the estimating methodology and rationale used to each WBS element's cost (prefer more detail over less). Met. BOE documents this information. 8. Describe the results of the risk, uncertainty, and sensitivity analyses and whether any contingency funds were identified. Partially Met. Developing Monte Carlo model for risk, estimate uncertainty in BOE. No analysis. 9. Document how the compares to the funding profile. Met. The estimate is being aligned to a funding profile using the RLS. 10. Track how this compares to any previous estimates. Partially met. Certain cost estimate variances from are documented but not comprehensively for the project. 11 Present estimate to management for approval 1. Develop a briefing that presents the documented LCCE. Information will be presented at the ICR, and a briefing is planned to the ESAAB. Agree with project team assessment. 2. Include an explanation of the technical and baseline and any uncertainties. Information will be presented at the ICR, and a briefing is planned to the ESAAB. 3. Compare the estimate to an independent cost estimate (ICE) and any differences. N/A at this stage of the PIP-II CF plans to an ICE to support refinement of the cost and schedule estimates prior to CD-2. A comprehensive ICE will be done by DOE prior to CD-2.
PIP-II%20ICR%20Cost_Sch_AoA_Checklist-01%20Dec%202017.docx