Glossary of Earned Value Management Terms

P

Subsections:

PV

see planned value .

percentage complete

the percentage of total earned value that has been accumulated for a project:

\begin{equation*} \mi{percentage\ complete} = \frac{\mi{EV}}{\mi{BAC}} \end{equation*}

planned value

the physical work that is scheduled, plus the authorized budget to accomplish the scheduled work. Previously, this term was called the budgeted cost of work scheduled (BCWS).