BCWPV

Budgeted Cost of Work Performed Variance measures the difference between the budgeted value of work completed and a reference value such as planned work or actual costs. BCWPV analysis is central to Earned Value Management for identifying cost and schedule performance deviations.

BCWPV calculations support variance analysis reports required on contracts with EVM requirements. Positive variances indicate favorable performance while negative variances signal potential problems. Understanding variance trends and causes helps contractors develop effective corrective actions and maintain program health.