ACWP definition

ACWP means the cumulative actual and accrued cost of work on a task or project scheduled and contained in the NTWP for the current Contract Year as amended in accordance with the change control procedure contained in Part 2 (Setting the LTP and Change Control) of the Programme Management Schedule which is actually performed;
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Examples of ACWP in a sentence

  • The supplemental monthly CAP report shall contain, at the work package level, time phased budget (budgeted cost of work scheduled (BCWS)), earned value (budgeted cost of work performed (BCWP)), and actual costs of work performed (ACWP) as captured in the Contractor’s EVM systems.

  • 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.

  • The reporting data elements are: • BCWS for the project duration • BCWP from the project start through the current month • ACWP from the project start through the current month • ETC from the current month through the end of the project The reporting format is noted in Table 3.1, below.

  • We review baseline adherence (e.g. scope and cost and schedule budget conformance); earned value, and KPIs such as budgeted and actual cost of work performed (BCWP, ACWP); Cost and schedule performance indices (CPI, SPI) and variance measures, and total cost of ownership, at a minimum.

  • The EVM system should also provide both monthly and cumulative Cost Performance Index (BCWP divided by ACWP) and Schedule Performance Index (BCWP divided by the BCWS).

  • The 7 Principles programs should be able to calculate the cost variance (BCWP minus Actual Cost of Work Performed (ACWP) and the schedule variance (BCWP minus BCWS) at least on a cumulative basis.

  • The Value for Money Report BCWP 4500 ACWP 8000 Earned Value Analysis E.V.A..

  • The BCWS, BCWP and ACWP should be trended graphically and a variance analysis should be provided.

  • The control of project costs is carried out using, in addition to the baseline, two other curves, with acronyms similar to that for the baseline: ‡ the Actual Cost of Work Performed (ACWP) curve, i.e. the curve of the work actually carried out and with real incurred costs, which represents the trend of the Actual Costs; ‡ the Budgeted Cost of Work Performed (BCWP) curve, the curve of the work actually carried out but at expected costs, which represents the trend of the value indicated as Earned Value (EV).

  • The ACWP reported on the CPR will equal the BCWP earned, regardless of the payment schedule with subcontractor.

Related to ACWP

  • AC means alternating current.

  • ACE means the instantaneous difference between a Balancing Authority’s net actual and scheduled interchange, taking into account the effects of Frequency Bias and correction for meter error.

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Constellation has the meaning assigned to that term in the Recitals.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.