Skip to contents

Planned Value (PV).

Source: R/evm.R
pv.Rd

Calculates the Planned Value (PV) of work completed based on the Budget at Completion (BAC) and the planned schedule.

Usage

pv(bac, schedule, time_period)

Arguments

bac

Budget at Completion (BAC) (total planned budget).

schedule

Vector of planned work completion (in terms of percentage) at each time period.

time_period

Current time period.

Value

The function returns the Planned Value (PV) of work completed.

References

Damnjanovic, Ivan, and Kenneth Reinschmidt. Data analytics for engineering and construction project risk management. No. 172534. Cham, Switzerland: Springer, 2020.

See also

ev, ac, sv, cv, spi, cpi, eac

Examples

# Set the BAC, schedule, and current time period for a toy project.
bac <- 100000
schedule <- c(0.1, 0.2, 0.4, 0.7, 1.0)
time_period <- 3

# Calculate the PV and print the results.
pv <- pv(bac, schedule, time_period)
cat("Planned Value (PV):", pv, "\n")
#> Planned Value (PV): 40000