# 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).

PV is also known as Budgeted Cost of Work Scheduled – BCWS.

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?
How did we calculate this? Planned % Complete is the percentage of the project that is planned to be complete.

In this case, 5 months / 10 months = 0.5 (or 50% in other words).

We know that

Budget At Completion is the estimated total cost of the project.

So in this case, BAC = $2,300,000.

With these figures we can calculate that PV = 0.5 x $2,300,000 = $1,150,000.

Calculating...

Enter what you expect the Planned Value to be. And then check your answer!

Checking answer...

Enter the values including the Planned Value. And then check your answer!

Checking answer...