Preparing Practice Exam…
Please wait a moment while the system generates the exam questions, answers, and study session.
Please wait a moment while the system generates the exam questions, answers, and study session.
Certified Associate in Project Management · PMI
Select one answer.
Written by other learners. Comments can disagree with the marked answer — check the official documentation when in doubt.
- Planned Value (PV) represents the authorized budget assigned to the work scheduled to be completed by a specific point in time. It establishes what should have been accomplished. EV represents the value of work actually completed, AC represents the actual cost incurred, and BAC is the total authorized budget for the entire project. PV is also known as the Budgeted Cost of Work Scheduled (BCWS).