Planned Value definition
Planned Value means the portion of the Estimated Reimbursable Value applicable to each of the Fixed Price Work, Time and Material Work – Target Cost and Time and Material Work – Reimbursable, respectively, planned to be spent on the performance of such work during the period of time commencing from the Commencement Date in accordance with the Work Breakdown Structure and Cost Breakdown Structure.
Planned Value has the meaning given in Schedule 12 – Works Scheduling Requirements.
Examples of Planned Value in a sentence
The schedule calculates key metrics such as Earned Value (EV), Planned Value (PV) and Schedule Performance Index (SPI).
The baseline curve represents the expected trend for project costs in relation to time, costs which are also called Planned Value (PV).
Cumulative EV to date (summed for all tasks) will be presented on a time based chart that includes the projected cumulative Planned Value (PV) for the life of the Project and the cumulative actual costs (AC) to date for the Project.