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.
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Planned Value has the meaning given in Schedule 12 – Works Scheduling Requirements.
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Examples of Planned Value in a sentence

  • Earned Value uses three “building blocks” (Planned Value (PV), Earned Value (EV), and Actual Cost (AC)) to calculate Schedule (EV – PV) and Cost (EV – AC) variances.

  • The Schedule Performance Index (SPI) measures the schedule efficiency of a project by comparing the Earned Value (EV) to the Planned Value (PV) of a project.

  • Whenever a project approves a change control action that results in allocating or returning contingency to the pool of contingency funds, the baseline Budgeted Cost of Work Scheduled (also referred to as the Planned Value) has changed.It is normal practice for a project to update its Estimate to Complete (ETC), a process whereby the Actual Cost of Work Performed (ACWP) is compared to the baseline cost.

  • The time-phased budget Planned Value (PV) represents the plan against which performance is measured.

  • Work packages are established and opened when the Planned Value (PV), or Budgeted Cost of Work Scheduled (BCWS), is planned.

  • Earned Value compared with the Planned Value provides a work accomplished against plan.

  • Once these budgets have been developed, the amount of budget associated with each monthly accounting period is referred to as the Planned Value (PV).

  • IoT helps SG systems support a variety of network functions throughout generation, transmission, distribution, and power consumption by integrating IoT devices (such as sensors, actuators, and SM), as well as providing connectivity, automation and monitoring of these devices (Cynthia Rudin, David Waltz, 2011).

  • In the Show Earned Value Curves section, the checkboxes for Planned Value Cost, Earned Value Cost and Estimate at Completion must be unchecked.

  • It involves calculating three key values for each activity in the WBS: The Planned Value (PV), (formerly known as the budgeted cost of work scheduled or BCWS)—that portion of the approved cost estimate planned to be spent on the given activity during a given period.

Related to Planned Value

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Amortized Value means, when used with respect to an Investment Security purchased at a premium above or at a discount below par, the value as of any given date obtained by dividing the total amount of the premium or the discount at which such Investment Security was purchased by the number of days remaining to the first call date (if callable) or the maturity date (if not callable) of such Investment Securities at the time of such purchase and by multiplying the amount so calculated by the number of days having passed from the date of such purchase; and (a) in the case of an Investment Security purchased at a premium, by deducting the product thus obtained from the purchase price and (b) in the case of an Investment Security purchased at a discount, by adding the product thus obtained to the purchase price.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Stored value means monetary value that is evidenced by an electronic record.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Adjusted Value as used in subdivision (d) means:

  • SPS AER Value means the Underlying Reference Value.

  • Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).

  • Assessed value means 1 of the following:

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Commuted Value means the actuarial present value of the pension or other benefit to which an employee, or their spouse or designated beneficiary, if applicable, is or will become entitled and which confirms to generally accepted actuarial principles and is accepted under the Pension Benefits Act, 1987 (Ontario) and regulation thereunder.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Assigned Value means the Market/Offer Price, as defined in Section 7.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • County-adjusted property tax base per square mile means the county-adjusted property tax base divided by the number of square miles of land area in the county.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.