Picture this: You've been working non$-$stop on a $4$ month project with a audget

$$4,000.$ Each month is expected to cost $$1000$

Then, you get a call from the client asking how far along you are with it$.$ He

wants to know:

Will you be able to deliver the project on time?

How's the actual cost looking like versus the budgeted cost?

Will the project be completed within the budget?

Step $1$: Planned value $($PV$)$

To get the planned value, multiply the percentage of completed work

$($planned$)$ by the project's budget $($BAC$).$

$PV=\%$ complete $($planned$)$ BAC

Using the example above, let's calculate the planned value.

After $2$ months

PV $=\%$ complete $($planned$)$ BAC

WHATS THE PV: