PV (Planned Value)

Planned Value (PV), also known as Budgeted Cost of Work Scheduled (BCWS), represents the estimated or budgeted cost allocated for the work scheduled to be completed by a specific point in a project timeline. It helps project managers track progress by showing how much money should have been spent according to the original plan, regardless of actual progress. PV acts as a benchmark, allowing comparison with actual costs and work completed to assess whether the project is on track financially and schedule-wise.