Free PMI Project Management Professional (PMP) Practice Question
On a project with a Budget at Completion (BAC) of $500,000, the project team has planned to complete 45% of the work by the end of the third month. What is the Planned Value (PV) at the end of the third month?
Planned Value (PV) is calculated by multiplying the Planned Percentage Complete by the Budget at Completion (BAC). In this scenario, with a BAC of $500,000 and 45% of the work planned to be completed, the PV is 0.45 (or 45%) of $500,000, which equals $225,000. This means by the end of the third month, the project planned to have $225,000 worth of work completed.
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