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