Figure 1

Data on Figure 1 represents the timeline for 100% completion of the project. The timeline depicts four phases - Feasibility, Planning and Design, Construction, and Turnover and Startup, along with four milestones - Project Approval, Goundbreaking, Start move-in, and Completion. To complete the Feasibility phase, a housing study, along with a cost benefit analysis was completed and a project team leader chosen. Once the Feasibility phase was completed, the first milestone - Project Approval was obtained in March 2002. The second phase - Planning and Design entailed obtaining a basic design, obtaining costs and schedules, awarding contracts, and obtaining a detailed design of the project. Once the Planning and Design phase was completed, the second milestone - Groundbreaking occured in September 2003. The third phase of the project is Construction. To complete this phase, excavation of the site needs to be completed, the building needs to begin, manufacturing and delivery of the project needs to be completed, and installation and testing of the new building needs to be completed. Once the construction phase is completed, the third milestone - Start Move-in will be obtained. This is scheduled for October 2005. The fourth phase is Turnover and Startup. This phase entails final testing of the building, moving all the employees into the new facilities, and contract closeout. This will then trigger the fourth milestone - Completion - due to be obtained December 31, 2005. As you move through the four phases, the percentage of completion nears 100.