Folks, Attached is the current progress assessment of NCSX through APRIL.

SCHEDULE: Using September 11th as a target PDR date we have approx 2-3 weeks float in the Vacuum Vessel and Modular Coil tasks. This is a close call and I suggest Brad, Wayne and I layout a linked plan that demonstrates our support of a September PDR. I've attached a linked critical path schedule (page 11 in the attached) that could be used as a starting point. Additionally, based upon the remaining work in the conventional coils (WBS 13) and coil support structure (WBS 15) a PDR early than November doesn't appear likely. I'm still awaiting feedback from Doug Loesser and Mike Kalish to confirm a date.

COST PERFORMANCE: The project's cost performance (CPI) has slipped from .96 in Jan, .91 in Feb, .84 in Mar to .80 in April. This slip was attributed primarily to the vacuum vessel and modular coil. (see page 3 in the attached for a trend plot on this)(The Cost Performance Index (CPI) of .80, translates into accomplishing $80 worth of work for every $100 spent).

BUDGET: Consistent with being behind schedule the project continues to under spend. Even with the 4 major R&D contracts beginning to accrue cost, the MIE/Research Prep project is still facing a potential under run this fiscal year of approx $1.3m ($785k PPPL and $540k ORNL). Many of these projected under runs are driven by the institutional need to reduce discretionary (M&S) spending. However, efforts are underway to identify and accelerate project scope that is labor intensive. Rich Hawryluk has recently given the project authorization to expend an additional $108k in M&S to procure materials and parts to fabricate the autoclave and turning fixture. Jim Chrzanowski is preparing for an FDR on the autoclave around May 23rd so we may proceed.

Ron