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 (PV) is a cost estimate of the budgeted resources across the project's life cycle. It represents the authorized budget assigned to scheduled work. It is not the total budget for the project (A), the real budgeted value of the work that has actually been performed to date (C), or the cumulative total costs incurred in accomplishing the various project work packages (D).

Planned Value Is