Continue monthly Project Assessment and Reporting System (PARS) II reporting (including earned value data). The Project Office, together with the Federal Project Director (FPD), will provide monthly assessments of the project performance.

PARS II is the central repository for key DOE Department-level project information. PARS II enables receipt of cost and schedule data in the format specified in the DOE version of the Integrated Program Management Report (IPMR) to ensure consistency across the federal government and deploy improved cost and schedule analysis tools. The Project, in coordination with the FPD will upload in PARS II the required project performance data at the lowest element of cost level in the specified format.

The Program Offices and FPDs will ensure that project data is uploaded monthly into PARS II, including EVMS data provided directly into PARS II from contractor's systems after CD-2. Approval of CD-0 initiates a requirement for project status reporting. This reporting continues through completion for all projects with a TPC greater than $50M. 

At CD-2 and continuing through completion, projects with a TPC greater than $50M must report project performance in PARS II no later than the last workday of every month. The data must be current as of the closing of the previous month’s accounting period.

The information and earned value data in PARS II must accurately reflect current project status and provide acceptable forecasts to facilitate project management and decision-making processes. Accordingly:

• The FPD must assure project cost and schedule performance reflects reality. Early warning indicators are essential. Monthly estimates at completion (EACs) are a must, including a separate EAC, or forecasted TPC, provided by the FPD.

• The Project must be held accountable for providing timely, accurate, reliable and actionable project and contractor cost, schedule, performance, risk, and forecast data, reports and information. The IPT must be accountable for its oversight and validation of the data.

• Contracts should be structured so as to minimize cost overrun exposure. When significant PB cost BCPs occur that generate a new TPC, the FPD and contracting officer shall work together to consider a revised cost share proposition moving forward. In addition, the FPD and contracting officer shall work together to ensure the contracts include appropriate requirements for complete, accurate and timely reporting with appropriate requirements analysis to support the contractor’s monthly estimates of project completion cost and schedule.