How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management with AI

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

planned value (PV)

The portion of the approved project budget allocated to the work planned to be finished by a specific point in time. Related measures include actual cost (AC), budget at completion (BAC), earned value (EV), estimate at completion (EAC), and estimate to complete (ETC).

Key Points

  • PV is the time-phased budget for the work scheduled to be completed by the status date.
  • At project completion, the total PV equals the BAC.
  • PV is used with EV and AC to compute SV (EV - PV) and SPI (EV / PV) in earned value analysis.
  • PV is derived from the cost baseline aligned to the schedule and excludes management reserve.

Example

A project has a BAC of $250,000. By the end of week 4, the plan targets 30% completion. PV = 0.30 x 250,000 = $75,000. If EV is $60,000 and AC is $80,000, then SV = EV - PV = -$15,000 and SPI = EV / PV = 0.80, indicating the project is behind schedule.

PMP Example Question

By the end of month 2, the plan calls for completing work worth $200,000 on a project with a BAC of $500,000. Actual cost to date is $230,000 and earned value is $180,000. What is the planned value (PV) at the end of month 2?

  1. $180,000
  2. $200,000
  3. $230,000
  4. $500,000

Correct Answer: B — the budgeted cost of the work planned by the status date

Explanation: PV is the portion of the approved budget scheduled to be completed by the status date: $200,000. EV ($180,000) is the value of work actually performed; AC ($230,000) is what was spent; BAC ($500,000) is the total authorized budget.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.

Explore the Course


Build complete project plans in minutes with AI

Stop spending hours on documentation. Learn how to use AI to create charters, WBS, schedules, risk registers, and executive reports faster—while staying fully in control. This course gives you ready-to-use prompt templates and practical workflows based on real project work. No guesswork, no fluff—just tools you can apply immediately. Backed by Udemy’s 30-day money-back guarantee, so you can start risk-free.

Learn More