Planned Value (PV) Calculator
Use this free Planned Value (PV) Calculator to estimate how much budgeted work should have been completed at a specific point in time. Enter your total project budget and the planned % complete to get PV instantly.
Planned Value (PV) Calculator
How Planned Value (PV) is Calculated
Planned Value (PV), sometimes called Budgeted Cost of Work Scheduled (BCWS), represents how much of the budgeted cost should have been spent based on your schedule as of today.
Formula: PV = Budget at Completion (BAC) × Planned % Complete
Example
If your total approved project budget (BAC) is $500,000 and you planned to be 30% complete by this point:
PV = 500,000 × 0.30 = $150,000.
That means according to plan, $150,000 of work should be completed by now.
Why PV matters
PV is a core part of Earned Value Management (EVM). You compare it to:
- EV (Earned Value): What you’ve actually accomplished in dollar terms.
- AC (Actual Cost): What you’ve actually spent.
This lets you calculate CPI, SPI, cost variance, schedule variance, and see if you’re behind schedule or over budget.