Meaning of budgeted cost of work performed (bcwp)

 

 

 

Budgeted Cost of Work Performed (BCWP)

 

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Business project management glossary

 

Meaning of term budgeted cost of work performed (bcwp) :

 

A measure used in earned value management system that allows you to quantify the overall progress of the project in monetary terms. BCWP is calculated by applying a performance measurement factor to the planned cost. (By comparing BCWP with ACWP, it is possible to determine if the project is under or over budget.) Another term for BCWP is "earned value."

 

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Budgeted Cost of Work Performed (BCWP)

 

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Meaning of term budgeted cost of work performed (bcwp)