What is Planned Value (PV)?

Planned Value (PV) is one of the key indicators in the Earned Value Management (EVM) project management methodology. PV reflects the planned cost of work that was supposed to be completed by a certain point in time according to the project plan.

In simple terms, PV shows how much resources (in monetary terms or man-hours) were planned to be spent on completing a certain amount of work at the current moment.

For example, if by the middle of the project 50% of the work should be completed according to the plan, and the total project budget is 100,000 rubles, then the PV at this point will be 50,000 rubles.

PV is used to compare with actual indicators (Earned Value and Actual Cost) to assess progress and efficiency of project execution.