Interesting Gerbil Facts: 1  Gerbils are small animals. They can reach length of 6 to 12 inches (including the tail) and weigh 2 Â½ ounces. 2  Whole body, including the tail, is covered with fur. Color of the fur depends on the species. 3  Gerbils have long hind legs adapted for jumping.
Planned Value (PV) This is the first element of earned value management. Planned Value is the approved value of the work to be completed in a given time, or you can say that it is the money that you should have earned as per the schedule.
Earned Value is the value of the project at its current timeframe. Planned Value is the overall projected value of the project at the same time as the Earned Value. To determine the projectâs Schedule Performance Index the Project Management divides the EV by the PV. This can also be shown as a simple formula; SPI=EV/Pv. This term is defined in the 3rd and the 4th edition of the PMBOK.