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Project Management & Agile · Foundational

Planned Value (PV)

The authorized budget assigned to scheduled work.

Definition

PV is the value of work that should have been done by the data date according to the baseline. Total PV at completion equals the budget at completion.

Example

Planned to complete 40% of a $100k project by now: PV = $40k.

Exam tip

PV is also called budgeted cost of work scheduled (BCWS).

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