Planned Value

From PEaM

PMI	Planned Value (PV) is the authorized budget assigned to the scheduled work to be accomplished for a for a schedule activity or Work Breakdown Structure component. [1]

AACEI	Planned Value (PV) is a measure of the value of work planned to have been performed so far. The Budgeted Cost of Work Scheduled (BCWS) is a more appropriate term. The “value” of the work schedule to have been completed at the date of analysis (data date). In comparison to Earned Value (EV), provides a measure of performance taking into account both time and cost expended. [2]

DAU	Budgeted Cost of Work Scheduled (BCWS) is the sum of the budgets for all work packages, planning packages, etc., scheduled to be accomplished (including in-process work packages), plus the amount of level of effort and apportioned effort scheduled to be accomplished within a given time period.[3]

See also

• Earned value management (EVM)
• Earned value technique (EVT)

References

1. ↑ Project Management Institute (2008). A Guide to The Project Management Body of Knowledge, 4th, Project Management Institute.
2. ↑ Association for the Advancement of Cost Engineering International [AACEI] (2007). Cost Engineering Terminology, 10S-90, Association for the Advancement of Cost Engineering International.
3. ↑ Defense Acquisition University (2005). Defense Acquisition Acronyms and Terms Glossary, 12th, Defense Acquisition University.

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This article contains text from the Association for the Advancement of Cost Engineering website which is copyright all rights reserved by Association for the Advancement of Cost Engineering International (AACEI).

This article contains text from the Defense Acquisition University website which, as a US government publication, is in the public domain.