You are working on a project that is scheduled to be completed in 2 years. The total budget for the project is $5,000. Eighteen months have passed and the schedule indicates that 75% of the work should be completed by now. But your team has already completed 90% of the project and spent $3000. What is the Planned Value (PV) for this project at this point in time?
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Planned value = (planned % out of complete project) * BAC
Now, given is,
BAC=$5000
By this time, project must have been 75% complete.
(it doesn’t matter how much it is completed, we have to use the Planned (assumed))
So,
75% of $5000
= $3,750
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