Free PMI Project Management Professional (PMP) Practice Question
Your project has a Budget at Completion (BAC) of $200,000. If your project is planned to be 40% complete at this stage, what is the Planned Value (PV)?
Planned Value (PV) represents the amount of work that should have been completed, based on the project plan. It is calculated using the formula PV = Planned % Complete x Budget at Completion (BAC). Here, PV = 40% x $200,000, which equals $80,000.
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What is Planned Value (PV) in project management?
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