Subject: 
        UNR - Project Performance Payout
   Date: 
        Mon, 7 Oct 2002 10:02:33 -0500
   From: 
        "Baldner, Dick" <Dick.Baldner@mts.com>
     To: 
        "Clark, Al" <Al.Clark@mts.com>, "Kilinski, Tom" <Tom.Kilinski@mts.com>,
        "Kvistberg, Kurt" <Kurt.Kvistberg@mts.com>, "Thoen, Brad" <Brad.Thoen@mts.com>,
        "Gamble, Bill" <Bill.Gamble@mts.com>, "Miller, Tom" <Tom.Miller@mts.com>,
        "Nelson, Terry" <Terry.Nelson@mts.com>, "Pederson, Brian" <Brian.Pederson@mts.com>,
        "Maue, Dale" <Dale.Maue@mts.com>, "Larson, Rod" <Rod.Larson@mts.com>




Don Krantz has confirmed that the budget the team signed up for was
different than that he was carrying on his Project Payout spreadsheet.
The higher agreed to budget means that we are projecting to beat the
cost target by a larger margin than he had originally calculated. This
means that the team will be awarded with a 150% payout of the retained
project performance dollars. The revised payout total is then $34,605
($23,784 x 150% x 0.97 (97% complete)). 

The payout will be divided among the 11 team members per the individual
percentages I discussed with each of you. Again, thanks for all of your
hard work and attention to details. Now let's get it done and closed out
at the current forecast to complete!

Brief Project Summary is as follows:

*       Agreed to Team Cost (cost Budget) = $2,845,324

*       Current Forecast at Completion = $2,678,213 ($167,111 under
budget)

*       Current SAP Actual Costs = $2,617,213 ($61,000 cost to complete)


 
Dick Baldner
MTS Systems Corporation
(952) 937-4242 (Phone)
(952) 937-4515 (Fax)
dick.baldner@mts.com
