Why are the narrative explanations in the Integrated Program Management Report (IPMR) Format 5 important?
They describe all the Work Breakdown Structure (WBS) elements with cost or schedule variances and include technical performance measure (TPM) charts for all WBS elements trending out of tolerance
They describe the technical, schedule, and cost risks for the top ten Work Breakdown Structure (WBS) elements at risk, and they provide estimates of project funding needs.
They should explain the root causes for cost or schedule variances, anticipated near-term effects and impact on the total contract, and corrective actions taken or planned
They describe the purpose of the contract, estimated completion date, and explanation for cost overruns.