Earned Value Clause Samples
The Earned Value clause establishes a method for measuring project performance and progress by comparing the value of work actually completed to the planned value and actual costs incurred. In practice, this clause requires the contractor or project manager to regularly report on key metrics such as planned value, earned value, and actual cost, enabling stakeholders to assess whether the project is on schedule and within budget. Its core function is to provide an objective framework for tracking project health, allowing for early identification of deviations and facilitating timely corrective actions.
Earned Value. Chart 11-1 tracks the planned costs, earned value, and actual costs for the Project. Commencing with start of Quarter 1, the Planned Cost, Earned Value, and Actual Costs, as shown in the chart, have been aligned as a starting point for tracking. Moving forward, the chart will show the Earned Value and Actual Costs incurred, relative to Planned Costs over time.
Earned Value. Physical progress completed for each activity shall be reported by percentage at each bi-weekly meeting and shall be the basis for calculating the earned value for actual work completed. The earned value for each activity shall be calculated by multiplying the percent complete by the weighted dollar amount for that activity, less any previous earned amounts.
Earned Value. [1] As of August 2017 Planned, Earned, and Actual Costs are aligned.
Earned Value. Seventy (70) percent of the cumulative award fee payment by the Government shall be assigned to the Earned Value Pool. The portion of this pool then distributed to each of Avondale, Hughes, and BIW shall be ▇▇▇▇▇ on the Cumulative Earned Value Weighting of each team member. The Cumulative Earned Value Weighting for each team member shall equal the Cumulative Earned Value for that team member divided by the sum of Cumulative Earned Values for all team members. The Cumulative Earned Value for each team member shall equal the product of 1) the Baseline Value Weighting and 2) the Cumulative Percent Complete. . The Baseline Value Weighting for each team member shall equal to the contractual cost baseline (original contract award plus signed contract modifications) of that team member divided by the total contractual cost baseline for all team members.
Earned Value. Seventy (70) percent of the cumulative award fee payment by the Government shall be assigned to the Earned Value Pool. The portion of this pool then distributed to each of Avondale, Hughes, and HUGHES shall ▇▇ ▇▇sed on ▇▇▇ Cumulative Earned Value Weighting of each Alliance member. The Cumulative Earned Value Weighting for each Alliance member shall equal the Cumulative Earned Value for that Alliance member divided by the sum of Cumulative Earned Values for all Alliance members. The Cumulative Earned Value for each Alliance member shall equal the product of 1) the Baseline Value Weighting and 2) the Cumulative Percent Complete.
Earned Value. As soon as practical after January 1, 2005, the Earned Value shall be determined for each participant pursuant to this Agreement. This determination shall be made by using Attachment B; the number of Shares earned shall be calculated by multiplying the resulting value from the Corporate PSP Matrix times the initial grant value. The value from the matrix is located at the intersection of (1) the row of figures in horizontal line with and to the right of the Net Income versus Budget actually achieved for the Performance Period and (2) the column of figures in vertical line with and below the Net Income as a Percent of sales vs. the Peer Group average three-year percentile actually achieved by Company.