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Question 27 of 52
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- Planned Value (PV), formerly called Budgeted Cost of Work Scheduled (BCWS), is the authorized budget assigned to the work that is scheduled to be completed by a specific measurement point. It represents what you planned to accomplish by now in dollar terms. PV is time-phased — it changes over time as the schedule progresses. The total PV at project completion equals the Budget at Completion (BAC).