The EAC is the sum of the ACWP
and the estimate to completion (ETC) for the remaining work.
Users are now able to work with well known entities like CV, SV, CPI, SPI, ACWP
, BCWP, BCWS.
Finally, one can use various formulas to compute EAC based on the combination of several data elements presented in the report: BCWS, BCWP, and ACWP
As a result of ACWP
's efforts, the response time to correct SSOs and the volume of wastewater entering creeks and streams has been significantly reduced.
The difference between BCWP and ACWP
(that is, the difference between the budgeted cost through [Time.sub.Now] and the actual cost at [Time.sub.Now] for the work performed) is the cost variance (CV).
If everything is not perfect, the ACWP
and BCWP lines will diverge from the BCWS line; those differences become the variance of the costs and schedule.
By collecting information on BCWS, BCWP and ACWP
we can begin making some informed predictions of the project's performance.
The EAC is an extrapolation of the cumulative actual cost of work performed (ACWP
) to the end of the contract.
These otherwise are known as "actual costs," "actuals" or ACWP
(Actual Costs of Work Performed).
When the scheduled work is accomplished and the corresponding actual cost is incurred, CSI models produce the actual cost of work performed (ACWP