What refers to the value of the work planned to be completed?

Planned Value (PV), also known as Budgeted Cost of Work Scheduled (BCWS), is a management term used in project management to denote the authorized budget assigned to the work scheduled to be completed within a given time frame. It represents the estimated cost of the work planned to be accomplished up to a specific point in time, as outlined in the project schedule. PV is an essential component in earned value management (EVM) techniques, which are used to track and analyze project progress and performance.