BCWP

Budgeted Cost of Work Performed is the earned value metric representing the budget authorized for work that has actually been completed. BCWP measures progress by calculating the budgeted value of work accomplished, regardless of actual costs incurred, and is central to Earned Value Management analysis.

BCWP is compared against BCWS (planned value) to determine schedule variance and against ACWP (actual costs) to determine cost variance. A BCWP lower than BCWS indicates the project is behind schedule; BCWP lower than ACWP indicates cost overrun. Contractors must accurately measure work completion using objective methods to report meaningful BCWP values.