Planned Value (PV) is a vital metric in UK property development finance, representing the budgeted cost of work scheduled to be completed at a given point in a project. It helps SME property developers track progress against their financial plans by providing a benchmark to compare actual spend and development milestones. PV supports effective cash flow management and risk control by identifying variances early, enabling adjustments to maintain schedule and budget. Understanding PV aids developers and lenders in ensuring that funding stages align closely with project progress throughout the development lifecycle.
This sits beneath Time Efficiency, introducing a more specific variant of the measure without changing its core interpretation. It is commonly considered alongside Earned Value (EV), as both are closely related measures used to assess similar aspects of performance or risk. In funding terms, Planned Value (PV) is most commonly encountered in connection with Equity for Service, Not Cash within the property development capital stack.
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