Talk:Budgeted cost of work performed
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What will happen if the there is a schedule slippage. Suppose that a task "test hardware" worth $1000 supposed to be completed in 1 month but is only 75% complete in 1.5 months. What is the planned value for this at the end of 1.5 months?
January 18, 2008 cleanup
editI tried cleaning this article up a little. I'm not really happy with how it reads, but I think it's better than it was before.
I think it would be good to have BCWS, BCWP, and ACWP all point to this one page, and all be defined here. Anyone have an idea how to do that? Shanemcd (talk) 21:04, 18 January 2008 (UTC)
Partial Credit?
editI'm no EV expert, but I don't think that when doing EV, you normally give 'partial credit' to a task. The task is either done, or it's not. There is none of this 30% complete stuff. Anybody know for sure? Gdw2 (talk) 16:58, 3 March 2012 (UTC)
Example
editMoved from article to talk, does this really belong in the article? RJFJR (talk) 16:21, 31 October 2015 (UTC) As example of the difference assume that a schedule contains:
- a task "Test hardware" that is budgeted to cost $1000 to perform, and
- is expected to begin at the start of January 1 and
- complete at the end of January 10.
In this case Budgeted cost of work scheduled (BCWS) is $1000 and it is assumed that it would be spent in the period from January 1 to January 10.
At the end of January 5, the work is scheduled to be 50% complete (5 days of the scheduled 10 days). So, at the end of January 5,
- the BCWS is $1000 (the budgeted cost) times 50% (the scheduled completion percentage), or $500.
Suppose that by the end of January 5, the work is actually only 30% complete. In this case,
- the BCWP would be $1000 (budgeted cost) times 30% (the actual completion percentage), or $300.
Also, suppose that to reach the 30% complete level at the end of January 5, $250 was actually spent.
- Then, the ACWP would be $250.
Rework summary
editI'm doing some reworking the article. Starting with that the writing that has BCWP title is followed by the repetition of phrase in the opening - title BCWP followed by line of 'BCWP is the bcwp during a time period' followed by Definition section ....
I've also noticed that other terms direct to here that are only related and not this -- so will put in some text about BCWS and ACWS.