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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.
Cost performance index is calculated dividing BCWP over ACWP.
As suggested earlier, the key piece of information in EVM and the basis for the EVM technique is the earned value, which is BCWP. In all EVM analysis, BCWP is a benchmark number for variance and performance measures.
Budgeted Cost of Work Performed (BCWP): The amount we had planned to spend on the work that has been accomplished to date.
The third line is the budgeted cost for work performed (BCWP), or the monetary value of the work actually completed during the period.
By collecting information on BCWS, BCWP and ACWP we can begin making some informed predictions of the project's performance.
For this article, the present cost overrun is defined as the difference between the cumulative budgeted cost for work performed (BCWP) and the cumulative ACWP (see Figure 1).
This is calculated by taking Budget at Completion (BAC) and the cumulative value for Budgeted Cost of Work Performed (BCWP) from the latest CPR/IPMR (i.e., BAC minus BCWP cumulative).
Fifteen of the selected questions are mathematical and test the computation of EV (BCWP) from textual or tabular progress information.
While the costs of scheduled work are budgeted costs, CSI models produce the budgeted cost for work scheduled (BCWS), or the budgeted cost for work performed (BCWP) after the scheduled work is accomplished.
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