What is a "Cost Performance Report" (CPR)?

A "Cost Performance Report" (CPR) serves as a comprehensive document that provides an overview of project costs, the status of the schedule, and overall performance metrics. It is a critical tool used in project management and systems acquisition to assess how well the project is adhering to its budget and timeline while measuring the efficacy and efficiency of resource utilization.

The CPR typically includes key performance indicators that allow stakeholders to track progress against planned expenditures and milestones. This information is invaluable for decision-making, enabling project managers and stakeholders to identify any potential overages, delays, or inefficiencies in project execution.

By detailing both financial and schedule performance, the CPR supports transparency and accountability, ensuring that project objectives align with both fiscal discipline and schedule fidelity. This level of detail makes it an essential component of project governance and control, rather than just a simple listing of budget allocations or a summary of proposals.