A practical method of using Earned Value Analysis to show what percent complete your project is and how you are doing against budget objectively

1. Linking Budgets and Resources within Project Timeline Bruce Fieggen Vice President of Project Management Q Pharma Corp.

4. Time-Phased Budget 110 572.5 2620 2045 180 229 $$ 000’s $$ Million Accumulated Costs Monthly Costs 110 682.5 3302.5 5347.5 5527.5 5765.5 Plan Actual Dec Nov Oct Sept Aug July 1 2 3 4 5 6 0 .3 .6 .9 1.2 1.5 1.8 2.1 2.4 2.7

7. Earned Value

9. Status Reporting 29.0% $29,612 30.3% $102,143 % Spent Actual Costs through November 7, 2004 % Complete Total Budget Budget % Complete reflects information as of this report date: November 7, 2004

10. Planning Phase

11. Baselining

12. Implementation Phase ID Task Name Duration Baseline Start Baseline Finish Start Finish Pre % Wo Baseline Co Cost Actual C 0 TotalChrom Validation 578 days Mon 10/6/03 Fri 3/26/04 Mon 10/6/03 Fri 3/26/04 20% $102,143 $100,901 $29,612 1 Project Management 92.5 days Tue 10/7/03 Fri 3/26/04 Tue 10/7/03 Fri 2/20/04 61% $13,039 $12,854 $6,675 2 Hold Kickoff meeting 4 hrs Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 100% $1,800 $2,400 $2,400 3 Document Project Plan 2 days Tue 10/7/03 Thu 10/9/03 Tue 10/7/03 Thu 10/9/03 2 100% $2,400 $2,400 $2,400 4 Establish Meeting Schedule 5 mins Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 2 100% $13 $0 $0 5 Ongoing Project Management 90 days Thu 10/9/03 Fri 3/26/04 Thu 10/9/03 Fri 2/20/04 3 30% $8,827 $8,054 $1,875 6 Project Validation Plan (PVP) 29 days Mon 10/6/03 Wed 10/29/03 Mon 10/6/03 Thu 11/13/03 97% $8,400 $7,200 $7,200 7 Develop PVP 6 days Mon 10/6/03 Mon 10/13/03 Mon 10/6/03 Mon 10/13/03 100% $4,800 $4,350 $4,350 8 Review PVP (CSSC QA) 2 days Tue 10/14/03 Wed 10/15/03 Tue 10/14/03 Wed 10/15/03 7 100% $1,200 $675 $675 9 Revise PVP 1 day Thu 10/16/03 Thu 10/16/03 Thu 10/16/03 Thu 10/16/03 8 100% $1,200 $600 $600 10 Review PVP (Client) 5 days Fri 10/17/03 Thu 10/23/03 Fri 10/17/03 Thu 10/23/03 9 100% $0 $0 $0 11 Revise PVP 1 day Fri 10/24/03 Fri 10/24/03 Fri 10/24/03 Fri 10/24/03 10 100% $1,200 $1,575 $1,575 12 Finalize/Approve VP 14 days Mon 10/27/03 Wed 10/29/03 Mon 10/27/03 Thu 11/13/03 11 95% $0 $0 $0 13 User Requirements (URS) 25 days Tue 10/14/03 Mon 11/17/03 Tue 10/14/03 Mon 11/17/03 82% $7,200 $7,737 $7,737 14 Modify existing URS 9 days Tue 10/14/03 Fri 10/24/03 Tue 10/14/03 Fri 10/24/03 7 100% $3,600 $3,812 $3,812 15 Review URS (CSSC QA) 1 day Mon 10/27/03 Mon 10/27/03 Mon 10/27/03 Mon 10/27/03 14 100% $1,200 $1,200 $1,200 16 Revise URS 1 day Tue 10/28/03 Tue 10/28/03 Tue 10/28/03 Tue 10/28/03 15 100% $1,200 $1,200 $1,200 17 Review URS (Client) 10 days Wed 10/29/03 Tue 11/11/03 Wed 10/29/03 Tue 11/11/03 16 100% $0 $0 $0 18 Revise URS 1 day Wed 11/12/03 Wed 11/12/03 Wed 11/12/03 Wed 11/12/03 17 100% $1,200 $1,525 $1,525 19 Approve URS 3 days Thu 11/13/03 Mon 11/17/03 Thu 11/13/03 Mon 11/17/03 18 0% $0 $0 $0 20 Functional Specifications (FS) 39.85 days Tue 11/18/03 Mon 12/8/03 Wed 10/8/03 Thu 12/4/03 12% $6,000 $7,209 $3,100 27 Design Specifications (DS) 41 days Fri 11/21/03 Tue 12/30/03 Fri 11/14/03 Mon 1/19/04 14% $9,600 $8,888 $2,900 34 Installed TotalChrom Applicatio 24 days Mon 11/10/03 Mon 12/15/03 Mon 11/10/03 Mon 12/15/03 0% $0 $0 $0 43 Installation Operation Qualifica 61 days Mon 12/1/03 Fri 1/16/04 Tue 11/4/03 Wed 2/4/04 2% $24,000 $23,114 $2,000 44 Modify IOQ 50 days Mon 12/1/03 Wed 12/31/03 Tue 11/4/03 Tue 1/20/04 32F 15% $19,200 $18,314 $2,000 45 Review IOQ (CSSC QA) 2 days Fri 1/2/04 Mon 1/5/04 Wed 1/21/04 Thu 1/22/04 44 0% $2,400 $2,400 $0 46 Revise IOQ 1 day Tue 1/6/04 Tue 1/6/04 Fri 1/23/04 Fri 1/23/04 45 0% $1,200 $1,200 $0 47 Review IOQ (Client) 5 days Wed 1/7/04 Tue 1/13/04 Mon 1/26/04 Fri 1/30/04 46 0% $0 $0 $0 48 Revise IOQ 1 day Wed 1/14/04 Wed 1/14/04 Mon 2/2/04 Mon 2/2/04 47 0% $1,200 $1,200 $0 49 Approve IOQ 2 days Thu 1/15/04 Fri 1/16/04 Tue 2/3/04 Wed 2/4/04 48 0% $0 $0 $0 Bruce,C Bruce Bruce Canda Jeff Canda Nina, Cand Ni Cand Jeff Cand Ni Ca N Oct Nov Qtr 4, 2003

13. Cost Calculation

14. Earned Value $0 $0 $0 $0 95% Finalize/Approve PVP $1,200 $1,575 $1,575 $1,200 100% Revise PVP $0 $0 $0 $0 100% Review PVP (Client) $1,200 $600 $600 $1,200 100% Revise PVP $1,200 $675 $675 $1,200 100% Review PVP (CSSC QA) $4,800 $4,350 $4,350 $4,800 100% Develop PVP $7,200 $7,200 $8,400 97% Project Validation Plan (PVP) $2,648 $1,875 $8,054 $8,827 30% Ongoing Project Management $13 $0 $0 $13 100% Establish Meeting Schedule $2,400 $2,400 $2,400 $2,400 100% Document Project Plan $1,800 $2,400 $2,400 $1,800 100% Hold Kickoff meeting $6,675 $12,852 $13,039 61% Project Management $29,612 $100,901 $102,143 20% TotalChrom Validation % Budget Spent % Complete Earned Value Actual Cost Cost Base Cost % Comp Task

15. Earned Value $0 $0 $0 $0 95% Finalize/Approve PVP $1,200 $1,575 $1,575 $1,200 100% Revise PVP $0 $0 $0 $0 100% Review PVP (Client) $1,200 $600 $600 $1,200 100% Revise PVP $1,200 $675 $675 $1,200 100% Review PVP (CSSC QA) $4,800 $4,350 $4,350 $4,800 100% Develop PVP $7,200 $7,200 $8,400 97% Project Validation Plan (PVP) $2,648 $1,875 $8,054 $8,827 30% Ongoing Project Management $13 $0 $0 $13 100% Establish Meeting Schedule $2,400 $2,400 $2,400 $2,400 100% Document Project Plan $1,800 $2,400 $2,400 $1,800 100% Hold Kickoff meeting $6,675 $12,852 $13,039 61% Project Management $30,980 $29,612 $100,901 $102,143 20% TotalChrom Validation % Budget Spent % Complete Earned Value Actual Cost Cost Base Cost % Comp Task

16. Percent Complete $0 $0 $0 $0 95% Finalize/Approve PVP $1,200 $1,575 $1,575 $1,200 100% Revise PVP $0 $0 $0 $0 100% Review PVP (Client) $1,200 $600 $600 $1,200 100% Revise PVP $1,200 $675 $675 $1,200 100% Review PVP (CSSC QA) $4,800 $4,350 $4,350 $4,800 100% Develop PVP $7,200 $7,200 $8,400 97% Project Validation Plan (PVP) $2,648 $1,875 $8,054 $8,827 30% Ongoing Project Management $13 $0 $0 $13 100% Establish Meeting Schedule $2,400 $2,400 $2,400 $2,400 100% Document Project Plan $1,800 $2,400 $2,400 $1,800 100% Hold Kickoff meeting $6,675 $12,852 $13,039 61% Project Management 30.3% $30,980 $29,612 $100,901 $102,143 20% TotalChrom Validation % Budget Spent % Complete Earned Value Actual Cost Cost Base Cost % Comp Task

17. Implementation Phase ID Task Name Duration Baseline Start Baseline Finish Start Finish Pre % Wo Baseline Co Cost Actual C 0 TotalChrom Validation 578 days Mon 10/6/03 Fri 3/26/04 Mon 10/6/03 Fri 3/26/04 20% $102,143 $100,901 $29,612 1 Project Management 92.5 days Tue 10/7/03 Fri 3/26/04 Tue 10/7/03 Fri 2/20/04 61% $13,039 $12,854 $6,675 2 Hold Kickoff meeting 4 hrs Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 100% $1,800 $2,400 $2,400 3 Document Project Plan 2 days Tue 10/7/03 Thu 10/9/03 Tue 10/7/03 Thu 10/9/03 2 100% $2,400 $2,400 $2,400 4 Establish Meeting Schedule 5 mins Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 Tue 10/7/03 2 100% $13 $0 $0 5 Ongoing Project Management 90 days Thu 10/9/03 Fri 3/26/04 Thu 10/9/03 Fri 2/20/04 3 30% $8,827 $8,054 $1,875 6 Project Validation Plan (PVP) 29 days Mon 10/6/03 Wed 10/29/03 Mon 10/6/03 Thu 11/13/03 97% $8,400 $7,200 $7,200 7 Develop PVP 6 days Mon 10/6/03 Mon 10/13/03 Mon 10/6/03 Mon 10/13/03 100% $4,800 $4,350 $4,350 8 Review PVP (CSSC QA) 2 days Tue 10/14/03 Wed 10/15/03 Tue 10/14/03 Wed 10/15/03 7 100% $1,200 $675 $675 9 Revise PVP 1 day Thu 10/16/03 Thu 10/16/03 Thu 10/16/03 Thu 10/16/03 8 100% $1,200 $600 $600 10 Review PVP (Client) 5 days Fri 10/17/03 Thu 10/23/03 Fri 10/17/03 Thu 10/23/03 9 100% $0 $0 $0 11 Revise PVP 1 day Fri 10/24/03 Fri 10/24/03 Fri 10/24/03 Fri 10/24/03 10 100% $1,200 $1,575 $1,575 12 Finalize/Approve VP 14 days Mon 10/27/03 Wed 10/29/03 Mon 10/27/03 Thu 11/13/03 11 95% $0 $0 $0 13 User Requirements (URS) 25 days Tue 10/14/03 Mon 11/17/03 Tue 10/14/03 Mon 11/17/03 82% $7,200 $7,737 $7,737 14 Modify existing URS 9 days Tue 10/14/03 Fri 10/24/03 Tue 10/14/03 Fri 10/24/03 7 100% $3,600 $3,812 $3,812 15 Review URS (CSSC QA) 1 day Mon 10/27/03 Mon 10/27/03 Mon 10/27/03 Mon 10/27/03 14 100% $1,200 $1,200 $1,200 16 Revise URS 1 day Tue 10/28/03 Tue 10/28/03 Tue 10/28/03 Tue 10/28/03 15 100% $1,200 $1,200 $1,200 17 Review URS (Client) 10 days Wed 10/29/03 Tue 11/11/03 Wed 10/29/03 Tue 11/11/03 16 100% $0 $0 $0 18 Revise URS 1 day Wed 11/12/03 Wed 11/12/03 Wed 11/12/03 Wed 11/12/03 17 100% $1,200 $1,525 $1,525 19 Approve URS 3 days Thu 11/13/03 Mon 11/17/03 Thu 11/13/03 Mon 11/17/03 18 0% $0 $0 $0 20 Functional Specifications (FS) 39.85 days Tue 11/18/03 Mon 12/8/03 Wed 10/8/03 Thu 12/4/03 12% $6,000 $7,209 $3,100 27 Design Specifications (DS) 41 days Fri 11/21/03 Tue 12/30/03 Fri 11/14/03 Mon 1/19/04 14% $9,600 $8,888 $2,900 34 Installed TotalChrom Applicatio 24 days Mon 11/10/03 Mon 12/15/03 Mon 11/10/03 Mon 12/15/03 0% $0 $0 $0 43 Installation Operation Qualifica 61 days Mon 12/1/03 Fri 1/16/04 Tue 11/4/03 Wed 2/4/04 2% $24,000 $23,114 $2,000 44 Modify IOQ 50 days Mon 12/1/03 Wed 12/31/03 Tue 11/4/03 Tue 1/20/04 32F 15% $19,200 $18,314 $2,000 45 Review IOQ (CSSC QA) 2 days Fri 1/2/04 Mon 1/5/04 Wed 1/21/04 Thu 1/22/04 44 0% $2,400 $2,400 $0 46 Revise IOQ 1 day Tue 1/6/04 Tue 1/6/04 Fri 1/23/04 Fri 1/23/04 45 0% $1,200 $1,200 $0 47 Review IOQ (Client) 5 days Wed 1/7/04 Tue 1/13/04 Mon 1/26/04 Fri 1/30/04 46 0% $0 $0 $0 48 Revise IOQ 1 day Wed 1/14/04 Wed 1/14/04 Mon 2/2/04 Mon 2/2/04 47 0% $1,200 $1,200 $0 49 Approve IOQ 2 days Thu 1/15/04 Fri 1/16/04 Tue 2/3/04 Wed 2/4/04 48 0% $0 $0 $0 Bruce,Ca Bruce Bruce Canda Jeff Canda Nina, Cand Cand] Jeff Can Oct Nov Qtr 4, 2003

18. % Budget Spent $0 $0 $0 $0 95% Finalize/Approve PVP $1,200 $1,575 $1,575 $1,200 100% Revise PVP $0 $0 $0 $0 100% Review PVP (Client) $1,200 $600 $600 $1,200 100% Revise PVP $1,200 $675 $675 $1,200 100% Review PVP (CSSC QA) $4,800 $4,350 $4,350 $4,800 100% Develop PVP $7,200 $7,200 $8,400 97% Project Validation Plan (PVP) $2,648 $1,875 $8,054 $8,827 30% Ongoing Project Management $13 $0 $0 $13 100% Establish Meeting Schedule $2,400 $2,400 $2,400 $2,400 100% Document Project Plan $1,800 $2,400 $2,400 $1,800 100% Hold Kickoff meeting $6,675 $12,852 $13,039 61% Project Management 29.0% 30.3% $30,980 $29,612 $100,901 $102,143 20% TotalChrom Validation % Budget Spent % Complete Earned Value Actual Cost Cost Base Cost % Comp Task

19. Status Reporting 29.0% $29,612 30.3% $102,143 % Spent Actual Costs % Complete Total Budget Budget % Complete reflects information as of this report date: November 7, 2004