planned vs present value

Submitted by y0zh on Thu, 11/15/2012 - 15:28

Hi,


I've seen two different names of PV: present and planned value. Can you please advise which one or both is correct?


PV (BCWS)  Planned Value (Budgeted Cost of Work Scheduled)
PV (Present Value) = BCWS (Budgeted Cost of Work Schedule)
 

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PMP / CAPM exam Question bank
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Thu, 11/15/2012 - 17:39

Present value has nothing to do with planned value. Present value is the net present value of the project which is used for project selection.

y0zh

Thu, 11/15/2012 - 20:11

Thanks for reply. so Budgeted Cost of Work Schedule is planned or present value? Also, in case if I see PV - what should I consider Present or Planned value?