Planned value is ______.
A)the total budget
B)a way to identify the expenditures at any one stage in the project
C)a cost estimate of the budgeted resources scheduled across the project's life cycle (cumulative baseline)
D)the real budgeted cost,or value,of the work actually performed to date

Question

Quizplus · Accepted Answer

Planned value (PV) refers to the cost estimate of the budgeted resources scheduled across the project's life cycle (cumulative baseline), or what the project should be worth at any given point in time according to the project plan. It is an essential element of earned value management (EVM), which helps measure project performance against the project baseline. Options A, B, and D are incorrect as they do not accurately define planned value.

Planned Value Is ______