^ [[Appendix G - Glossary - PM2]] # Planned Value (PV) Planned Value (PV) refers to the amount of cost (monetary units) planned to be consumed until a point in time (e.g. within a reporting period). It is in other words, an approved cost estimate of the resources scheduled, in a time-phased cumulative baseline. Also known as Budgeted Cost of Work Scheduled (BCWS). ___ Spanish Guide: [[Valor Planificado (VP)]] <-- [[Plan]] --> [[Planning Phase]]