1. What is Planned Value (PV)?

Planned Value (PV), also known as Budgeted Cost of Work Scheduled (BCWS), is the authorized budget assigned to scheduled work. It represents the estimated value of the work planned to be completed by a specific date in the project timeline.

2. How Does the Calculator Work?

The calculator uses the Planned Value formula:

Where:

• \( PV \) — Planned Value (USD)
• \( BAC \) — Budget at Completion (USD)
• \( \%\ Complete\ Planned \) — Percentage of work planned to be completed (decimal)

Explanation: The formula calculates how much of the project budget should have been spent based on the planned progress at a given point in time.

3. Importance of PV in Earned Value Management

Details: PV is a key component of Earned Value Management (EVM), used to measure project performance by comparing planned progress (PV) with actual progress (Earned Value) and actual costs.

4. Using the Calculator

Tips: Enter the total project budget (BAC) in USD and the percentage of work planned to be completed. Both values must be valid (BAC > 0, % between 0-100).

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between PV and EV?
A: PV is the planned cost of work scheduled, while EV (Earned Value) is the value of work actually performed.

Q2: How often should PV be calculated?
A: Typically calculated at regular intervals (weekly, monthly) as part of project status reporting.

Q3: What does it mean if actual costs exceed PV?
A: This may indicate the project is over budget for the work planned to be completed by that point.

Q4: Can PV be greater than BAC?
A: No, PV cannot exceed BAC as it represents a portion of the total budget.

Q5: How is PV used in performance measurement?
A: PV is used with EV to calculate Schedule Variance (SV = EV - PV) and Schedule Performance Index (SPI = EV/PV).