This is the budgeted cost for the work scheduled to be completed on a task, work package, or activity up to a given point in time. Also referred to as budgeted cost of work scheduled (BCWS).
A) EV
B) AV
C) AC
D) PV

Question

Quizplus · Accepted Answer

The budgeted cost for the work scheduled is commonly known as the planned value (PV), which represents the authorized budget for a specific task or activity up to a particular point in time. It is an essential parameter for measuring project performance and analyzing cost and schedule variances. Option A (EV) represents the earned value, which is the actual cost of work performed (ACWP) up to the reporting date. Option B (AV) represents the actual value, which is the actual cost of work completed (ACWP) up to the reporting date. Option C (AC) represents the actual cost, which is the total cost incurred in completing the task or activity up to the reporting date.

This Is the Budgeted Cost for the Work Scheduled to Be