Schedule Variance definition

Schedule Variance means, in respect of a period of time, Earned Value less Planned Value during such period of time.
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Schedule Variance means an extension of a task or contract completion schedule that does not result in the change to the original contract scope of Services or Total Contract Price.
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Examples of Schedule Variance in a sentence

  • For the report period, these columns shall reflect the differences between BCWS and BCWP.• For the current period column, Column (5) (Schedule Variance) is derived by subtracting Column (2) (BCWS) from Column (3) (BCWP).• For the cumulative to date column, Column (10) (Schedule Variance) is derived by subtracting Column (7) (BCWS) from Column(8) (BCWP).A positive number in Column (5) and Column (10) indicates a favorable variance.

  • For thereport period, these columns shall reflect the differences between BCWS and BCWP.• For the current period column, Column (5) (Schedule Variance) is derived by subtracting Column (2) (BCWS) from Column (3) (BCWP).• For the cumulative to date column, Column (10) (Schedule Variance) is derived by subtracting Column (7) (BCWS) from Column(8) (BCWP).A positive number in Column (5) and Column (10) indicates a favorable variance.

  • This variable and the remaining variables labeled Constant2010$M are presented in constant 2010 millions of dollars.Program Schedule Variance, Constant2010$M: The current period cost variance attributable to schedule changes.Program Engineering Variance, Constant2010$M: The current period cost variance attributable to engineering changes.SubtotalCurrentChangesConstant2010$M: The current total cost variance.

  • The Schedule Variance (SV) is an indicator that provides PMs with a value that represents whether the project is on schedule or not.

  • Cost Variance (CV) is a measure of the budgetary conformance of actual cost of work performed: CV = BCWP – ACWP; while Schedule Variance (SV) is the difference between BCWP and BCWS.

  • Then, the technique renames the two traditional SV and SPI into SV($) and SPI($) that is clearly in units of currency and introduces the two time- based metrics: the Schedule Variance expressed in units of time (SV(t)) that is the difference between ES and AT, and the Schedule Performance Index (SPI(t)) as the ratio of ES to AT.

  • 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.

  • In fact, Earned Value Management provides four well-known schedule performance indices, the Cost Variance (CV), Cost Performance Index (CPI), Schedule Variance (SV) and the Schedule Performance Index (SPI), all related to the three mentioned metrics, to measure project progress.

  • The requirements and procedure for preparing the 3 Week Look-Ahead schedule, cost loaded construction schedule and Schedule Variance Control (SVC) Report will be discussed.

  • The following are metrics examples that fall into the progress category:• Cost performance index and variance• Schedule performance index and variance• Earned value• Risk assessment tracking• Manpower (planned versus actual)• Deliveries $'S in MillionsCumulative Dollar Variances$10.00 $5.00 $0.00 ($5.00)($10.00) ($15.00) ($20.00) ($25.00) ($30.00) Schedule Variance Cost Variance Figure 4-1.

Related to Schedule Variance

  • Permitted Variance has the meaning given in Section 6.15.

  • Schedule 9 means Schedule 9 to the Taxes Act 1988;

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Schedule III bank means an authorized foreign bank named in Schedule III of the Bank Act (Canada);

  • Schedule B herein mean Schedule B attached hereto as constituted on the Effective Date, and thereafter as it may be amended from time to time (deemed or in writing) pursuant to Section 16 or 19(l).

  • Schedule F means internal revenue service schedule F (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Summary report means the year end report containing the summary of a

  • Schedule of Charges means the schedule as seen in clause Schedule of Charges;

  • Schedule C means internal revenue service schedule C (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Schedule 4 means Schedule 4 to ITEPA;

  • ORSA summary report means a confidential high-level summary of an insurer or insurance group's ORSA.

  • Variance means a grant of relief from the requirements of this chapter which permits construction in a manner that would otherwise be prohibited by this chapter.

  • Asset Schedule means with respect to any Transaction as of any date, an asset schedule in the form of a computer tape or other electronic medium (including an Excel spreadsheet) generated by Seller and delivered to Buyer and the Custodian, which provides information (including, without limitation, the information set forth on Exhibit E attached hereto) relating to the Purchased Mortgage Loans in a format reasonably acceptable to Buyer.

  • Schedule 2 means Schedule 2 of this Licence unless otherwise stated;

  • Schedule means a schedule to this Agreement.

  • Variance Report shall have the meaning assigned to such term in Section 5.01(g).

  • Schedule E means internal revenue service schedule E (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Construction Schedule means a construction schedule indicating the planned start and completion dates of the major activities of the Work as set out in Appendix [ ], a future Appendix;

  • Preliminary Mortgage Schedule As defined in Section 3.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • Approved List means Securities followed by the Global Fundamental Research Group and tracked on the Approved List. Securities may be added, removed, or undergo periodic ratings changes.

  • Compliance schedule means a schedule of events, by date, which will result in compliance with these regulations.

  • DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

  • Specification Schedule means the Schedule containing details of the Specification.

  • Schedule 1 means Schedule 1 of this Licence unless otherwise stated;

  • Schedule 3 means Schedule 3 to ITEPA;