Planned value is:
A)the total budget for the project.
B)a cost estimate of the budgeted resources across the project's life cycle.
C)the real budgeted value of the work that has actually been performed to date.
D)the cumulative total costs incurred in accomplishing the various project work packages.

Question

Quizplus · Accepted Answer

Planned value is the cost estimate of the budgeted resources across the project's life cycle, also known as the budgeted cost of work scheduled (BCWS). It represents the value of the work that should have been accomplished according to the project schedule. It is not the total budget for the project (choice A), the real budgeted value of the work that has actually been performed to date (choice C), or the cumulative total costs incurred (choice D).

Planned Value Is