Planned Value Calculator
What is a Planned Value Calculator?
What is Planned Value?
Planned Value (PV), historically termed Budgeted Cost of Work Scheduled (BCWS), is the authorized budget allocated to perform scheduled work up to the status date.
Formula
Planned Value (PV) = Budget at Completion (BAC) × Planned Progress Percentage (%)
Variables Explanation
- BAC: Total authorized baseline budget at completion ($).
- Planned Progress %: Target baseline progress percentage scheduled as of status date.
How to Calculate
1. Input Total Budget at Completion (BAC).
2. Input target Baseline Planned Progress % from P6 schedule.
3. Compute Planned Value (PV) in currency dollars.
Worked Example
Project BAC: $2,500,000 total structural budget.
Status Date: Month 6 schedule baseline targets 40% completion.
Planned Value (PV) = 2,500,000 × 0.40 = $1,000,000 (BCWS).
Practical Construction & Project Controls Use
Forms the baseline S-curve in Earned Value Management against which actual performance (EV and AC) is measured throughout construction.
Understanding the Result
Establishes the dollar target that should have been earned by the status date according to the baseline schedule.
Limitations & Assumptions
PV changes only when formal baseline revisions (re-baselining or approved variation orders) are implemented.
Frequently Asked Questions
What is Planned Value in project management?
PV is the portion of the total cost estimate planned to be spent on an activity during a given period.
What was Planned Value formerly called in EVM?
PV was historically known as BCWS (Budgeted Cost of Work Scheduled).
How is PV calculated from a Primavera P6 schedule?
P6 sums the baseline budget cost of all activity steps scheduled to occur prior to the status Data Date.
Does PV change when actual costs increase?
No, PV is locked to the approved baseline and does not change due to actual expenditure.
What is the relationship between PV and BAC?
At project start, PV = $0. At project completion date, PV equals total BAC (100% planned).