Planned Value (PV) is a point-in-time (a snapshot) number like Actual Cost (AC). For example - The PV of a one year project at the end of 6 months is $50K and the AC is $65K. So at that point, what's the cost that was planned and what's the cost actually incurred.
BAC is the project budget. For example - The BAC of a 1 year project is $100K
crushPMP
Tue, 04/30/2013 - 04:47
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Planned Value (PV) is a
Planned Value (PV) is a point-in-time (a snapshot) number like Actual Cost (AC). For example - The PV of a one year project at the end of 6 months is $50K and the AC is $65K. So at that point, what's the cost that was planned and what's the cost actually incurred.
BAC is the project budget. For example - The BAC of a 1 year project is $100K
dclane
Tue, 04/30/2013 - 05:06
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Thanks
Thanks
sspawar
Tue, 04/30/2013 - 05:38
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it is good part of learning
it is good part of learning EVM.
Total planned value for the project (PVc) = BAC (At point of start of project or at end of project- when rebaselined)
At any point in time, PVt , also exist, with different values / and it never be equal to BAC.
PVt , always compared with EV .