Abbreviations appearing in graphics: ACWP = Actual Cost of Work Performed; BAC = Budget at Completion; BCWP = Budgeted Cost of Work Performed; BCWS
= Budgeted Cost of Work Scheduled; CA = Control Account; CAM = Control Account Manager; CV = Cost Variance; IMS = Integrated Master Schedule; PMB = Performance Measurement Baseline; PP = Planning Package; SV = Schedule Variance; VAR = Variance Analysis Report; WP = Work Package.
Users are now able to work with well known entities like CV, SV, CPI, SPI, ACWP, BCWP, BCWS
In the aftermath of the collapse of the Rana Plaza factory building in April 2013, which killed more than 1,100 garment workers, and subsequent international pressure to reform labour conditions, Bangladesh allowed the BCWS
to function once again.
BCWP or earned value (the work actually performed on a budgeted basis) is ahead of BCWS (the work scheduled on a budgeted basis) at [Time.
The ratio of BCWP to BCWS is the schedule performance index (SPI).
The project's total budget (the BAC) is the BCWS for the whole project.
The work package level is the genesis for a bottom-up approach to program performance in terms of BCWS, BCWP, and ACWP.
< BCWP; significa que el proyecto esta adelantado.
For the project shown, in the fourth month, the BCWS
equals $62,000, while the ACWP equals $69,000 and the BCWP equals $60,000.
figure is calculated based on the budgeted monthly cumulative expenditures at the end of May--in this case, a total of $48,000.
Article Acronyms ACWP - Actual Cost of Work Performed BAC - Budget at Completion BCWP - Budgeted Cost of Work Performed BCWS
- Budgeted Cost of Work Scheduled CAP - Control Account Plan CPI - Cost Performance Index CV - Cost Variance DoD - Department of Defense EAC - Estimate at Completion EVM - Earned Value Management PBL - Performance Based Logistics SPI - Schedule Performance Index SV - Schedule Variance
He said the officials demanded that he write a letter implicating his colleagues at BCWS
in instigating unruly labor protests that damaged some factory buildings.