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

  • Notethat using this DRD also provides the Budgeted Cost for Work Scheduled (BCWS) or Planned Value (PV); therefore a separate Cost Plan DRD is not required in this case.

  • 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.

  • Planned Value at a given point of time answers to questions what amount of work is planned to have been completed and what is the cost estimated for the work planned (Fleming and Koppelman, 2005).

  • The District derives its power from the Special District Act, Sections 32-1- 101 et seq., Colorado Revised Statutes, and the Statement of Purposes, as the same may be amended from time to time.

  • 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.

  • Figure 1: DAU Gold Card, 2009 The PMB, the Budgeted Cost of Work Scheduled (BCWS) or the Planned Value (PV) is the starting point of EVM analysis; "the focus of earned value has been consistent: the accurate measurement of physical performance against a detailed plan (or PV) to allow for the accurate prediction of the final costs and schedule results for a given project" (Fleming, 2000).

  • EVM relies on three key data point : Planned Value, Earned Value, and Actual Cost.

  • This Actual Cost must correspond to whatever was budgeted for the Planned Value and the Earned Value (e.g. all labor, material, equipment, and indirect costs).

  • E VM uses t he following project parameters to evaluate project performance: Figure 1: Earned value basics Planned Value (PV): Th is is th e cu mulative planned cost for the work planned to be done on the project up to a given point in tim e.

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

  • 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 SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS 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.

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Company Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.

  • 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.

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).