What does BCWS stand for in earned value management?

What does BCWS stand for in earned value management?

• A. Budgeted Cost of Work Scheduled
• B. Budgeted Cost of Work Spent
• C. Budgeted Cost of Work Schedule
• D. Budgeted Cost of Service

Answer: (A)

BCWS stands for Budgeted Cost of Work Scheduled. It represents the planned value of the work that should be completed by a given date according to the project baseline. It’s the budgeted amount assigned to the scheduled work, not what has been spent or what has actually been earned. This planned value is used to calculate schedule variance and the schedule performance index by comparing it to BCWP (Budgeted Cost of Work Performed) and ACWP (Actual Cost of Work Performed). The other options mix up the terms (spent, schedule vs scheduled) and don’t reflect the planned, time-bound budget for the scheduled work.

BCWS stands for Budgeted Cost of Work Scheduled. It represents the planned value of the work that should be completed by a given date according to the project baseline. It’s the budgeted amount assigned to the scheduled work, not what has been spent or what has actually been earned. This planned value is used to calculate schedule variance and the schedule performance index by comparing it to BCWP (Budgeted Cost of Work Performed) and ACWP (Actual Cost of Work Performed). The other options mix up the terms (spent, schedule vs scheduled) and don’t reflect the planned, time-bound budget for the scheduled work.