Planned value (PV) is one of the key measures used to monitor the progress of a project. It "is the authorized budget assigned to scheduled work."[1] In other words it is the approved amount that the project is expect to cost.

The planned value is the sum of the values for the full set of activities or the work breakdown structure (WBS). It does not include the management reserve.

Another term for planned value is performance measurement baseline (PMB). The total of the planned value for all of the project is the budget at completion (BAC).


  1. PMBOK, 5th edition, p. 218.

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