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How to Calculate Planned Value (PV) for the PMP Exam


Planned Value (PV) is the estimated value of the work to be completed by your project within a specific time period.

PV is also used to calculate Schedule Variance (we’ll be covering that in a later tutorial).

Tip about the Planned Value Formula
PV is also known as Budgeted Cost of Work Scheduled – BCWS.



Learn the Planned Value Formula

Planned Value Formula


Planned Value = Planned % Complete X Budget At Completion





See an example of Calculating Planned Value

Example of Calculating Planned Value


Lets see an example.

Jenny is the project manager on a project to build a new smart-phone browser.
The project is expected to last 10 months. The estimated total cost is $2,300,000.

What is the PV after 5 months?








Calculate Planned Value for a project

Planned Value Calculator




Planned % Complete
x
 %
x
$
=   


Tip about calculating Planned Value
Enter what you expect the Planned Value to be. And then check your answer!
Planned % Complete
x
68%
x
$68,613
=   $  


Tip about calculating Planned Value
Enter the values including the Planned Value. And then check your answer!
Planned % Complete
x
 %
x
$
=   $