Planned Value (PV)

The Planned Value (a.k.a. BCWS – Budgeted Cost of Work Scheduled) is the Total Budget of a task or the planned Budget to be spent during a given period.

Example: If an activity is scheduled to last 5 days and has a total cost of $1000, then each day costs $200. The Planned Value at the end of the third day is $600 or $200 x 3 days.