Which document is best for finding the planned value (cost) of different periods within the project?

The planned value (PV) of a project represents the budgeted amount for the work scheduled to be completed by a specific point in time. The time-phased budget is specifically designed to reflect how the project’s budget is distributed over time. It breaks down the overall budget across the project timeline, indicating how much money is allocated for each phase or segment of the project.

This document is particularly useful for project managers to track expenditures and compare them against the actual performance, helping in measuring variances and forecasting future financial needs. By utilizing a time-phased budget, project managers can see at a glance the planned value for different periods, which is critical for effective financial management and reporting during the project lifecycle.

In comparison, the project scope statement defines the work required for the project and does not include detailed financial information. The risk management plan outlines potential risks and mitigation strategies but does not relate to cost distributions over time. The resource allocation matrix details how resources are assigned to tasks but does not offer a breakdown of financial values across the project timeline. Hence, the time-phased budget is the most appropriate document for determining the planned value of various periods within a project.