The BCWP (budgeted cost of work performed) fields contain the cumulative value of the task's, resource's, or assignments's percent complete multiplied by the timephased baseline costs. BCWP is calculated up to the status date or today's date. This information is also known as earned value.
How do you calculate BCWP and BCWS?
How to calculate the BCWS
- BCWS = % Complete (Planned) x Project Budget.
- BCWP = % Complete (Actual) x Project Budget.
- Cost Variance = BCWP – ACWP.
- CPI = BCWP / ACWP.
How do you calculate ACWP?
It is calculated from the project budget. For example, if the actual percent complete is 75% and the task budget is $10,000, BCWP = 75% x $10,000 = $7,500.
