Cost Variance definition

Cost Variance or “CV” means in respect of a period of time, Earned Value less Incurred Costs during such period of time.
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Cost Variance means the dollar differential between the estimated cost and the Actual Cost.
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Cost Variance means an EVM term for the difference between the value of work performed and its cost. Counter means to move, act, or respond so as to in opposition CSM Risk Assessment Process means the risk assessment process which forms part of the Cyber Security Model and is used to measure the Cyber Risk Level for this Contract and any Sub-contract Cyber Risk means any risk of financial loss, disruption or damage to the reputation of an organisation from some sort of failure of its information technology systems Cyber Risk Level means the level of Cyber Risk relating to this Contract or any Sub-contract assessed in accordance with the Cyber Security Model Cyber Security Implementation Plan means the plan referred to in Clause 3 of this Condition including but not limited to any risk-balance case and mitigation measures required by the Authority Cyber Security Incident means an event, act or omission which gives rise or may give rise to: (a) unauthorized access to an information system or electronic communications network; (b) disruption or change of the operation (including but not limited to takeover of control) of an information system or electronic communications network; (c) destruction, damage, deletion or the change of MOD Identifiable Information residing in an information system or electronic communications network; (d) removal or limiting the possibility to use MOD Identifiable Information residing in an information system or electronic communications network; or (e) the appropriation, publication, dissemination or any other use of non-public Cyber Security Instructions means DEFSTAN 05-138, together with any relevant ISN and specific security instructions relating to this Contract issued by the Authority to the Contractor Cyber Security Model (CSM) means the process by which the Authority ensures that MOD Identifiable Information is adequately protected from Cyber Incident and includes the CSM Risk Assessment Process, DEFSTAN 05-138 and the CSM Supplier Assurance Questionnaire Damage Control means the procedures and arrangements for all non-CBRN activities including firefighting and flooding. The aim of Damage Control is to limit, control and repair (within the ships resources) material damage, however caused, in peace and war and to protect personnel from the effects of fire and damage generally. Damage Control Condition means defined states for watertight, gastight and airtight boundary openings for different levels of hazard or damage. Damage Control Deck...
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Examples of Cost Variance in a sentence

  • The Seller shall provide Holdings any and all supporting documentation reasonably necessary to review the Internal Cost Variance asserted by Seller (supporting documentation may include invoices, reports and any other documentation or evidence which reasonably substantiates the alleged Internal Cost Variance) and Holdings must reasonably agree with such Internal Cost Variance prior to Holdings reimbursing the applicable incremental costs and incremental expenses as set forth above.

  • Section 5.1 Compensation of Operator; Consideration to District; Construction Cost Variance.

  • In such a case, Section 1.2.1 and Section 1.2.2 shall apply mutatis mutandis to the reporting and payment of the Annual Standard Cost Variance, except that such report and payment shall only be applicable after the fourth Calendar Quarter of every year.

  • The reporting data elements are: • Monthly BCWS, BCWP, ACWP, Cost and Schedule Variance • Cumulative-to-Date BCWS, BCWP, ACWP, Cost and Schedule Variance • Cost Budget at Complete • Cost Estimate to Complete • Reprogramming Adjustment – Cost Variance • Reprogramming Adjustment – Budget The reporting format is noted in Tables 3.6.1, 3.6.2 and 3.6.3, below.

  • The parties agree that the term "Default" in Clause I.85, Termination, includes the situation where the aggregate adjustments for Cost Variance at Target Cost and Schedule Variance at Target Cost equals or exceeds -56% (negative Section B - Page 8 Rocky Flats Closure Contract No. DE-AC34-00RF01904 56%) for a period of any 4 consecutive calendar quarters, commencing the first quarter from July 1, 2001.

  • In addition to the Pension and OPEB Cost Variance Account continued as agreed in Section 4 above and unless expressly stated otherwise in this agreement, the Parties agree that the continuation of all other deferral and variance accounts as outlined in OPG’s application at H1-3- 1 is appropriate.

  • The Packaging Cost Variance will be paid pursuant to the terms of Section 2.10 hereof.

  • Cost Variance (CV) An EVM term for the difference between the value of work performed and its cost.

  • If any Component Parts are placed on allocation resulting in a Significant Cost Variance to Supplier, or if a Significant Cost Variance is incurred to procure Component Parts to meet changes in ▇▇▇▇▇▇▇'▇ forecast, including but not limited to a Delivery Date Push (defined in 6.7 below) such additional cost shall be paid by ▇▇▇▇▇▇▇.

  • Compensation of Operator; Consideration to District; Construction Cost Variance 29 Section 5.2 Budgets.


More Definitions of Cost Variance

Cost Variance means the dollar differential between the estimated cost and Actual Cost.
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