Earned Value Definitions
Planned Value (PV)

What is Planned Value (PV)? Earned Value Management explained.

Mia Rutherford
Mia Rutherford
June 11, 2023
5 min read

Planned Value (PV) represents the authorized budget allocated for completing scheduled work up to a specific date or milestone. It is determined by multiplying the budgeted cost of work scheduled (BCWS) by the time proportion spent on the task or project. PV is used to measure and track the planned cost of work to be accomplished.

Calculation: PV = BCWS x % of work scheduled

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