Summary

Cost Variance

Schedule Variance

Investment Description

Goals and Objectives

Investment Projects

Cost and Schedule Color Legend
Variance <10%
Variance ≥10% and < 30%
Variance ≥30%

Explanation of Legend

Cost Variance

Cost Variance = Planned Total Costs – Projected or Actual Total Costs
Cost Variance % = (Cost Variance / Planned Total Cost) x 100

Color Cost Variance % Cost Status
Green <10% On Budget
Yellow ≥ 10% and < 30%
  • Above Budget if Cost Variance is negative or
  • Below Budget if Cost Variance is positive
Red ≥ 30%
  • Above Budget if Cost Variance is negative or
  • Below Budget if Cost Variance is positive

Schedule Variance

Schedule Variance = Planned Completion Date – Actual or Projected Completion Date
Duration = Planned Completion Date – Planned Start Date
Schedule Variance % = (Schedule Variance / Duration) x 100

Color Schedule Variance % Schedule Status
Green <10% On Schedule
Yellow ≥ 10% and < 30%
  • Behind Schedule if Schedule Variance is negative or
  • Ahead of Schedule if Schedule Variance is positive
Red ≥ 30%
  • Behind Schedule if Schedule Variance is negative or
  • Ahead of Schedule if Schedule Variance is positive

Performance Metrics Summary

CIO Rating

Current CIO Rating

CIO Rating History

This section displays the Chief Information Officer (CIO) Risk ratings for the investment over a selected time period. CIOs rate each investment using a set of pre-established criteria and issue a CIO Evaluation Number that reflects the investment’s ability to accomplish its goals within the current fiscal year. This number ranges from 1 - 5, and the higher it is, the better the investment has been rated to meet its goals.  The CIO comments for each rating are also displayed.

Date Range:
 
Low Risk (4–5)
Medium Risk (3)
High Risk (1–2)