Definitions for "Budgeted cost of work scheduled"
The cost that should have been achieved according to the project baseline dates. When compared to ACWP it is possible to determine if the project is ahead of or behind schedule.
(BCWS) The cumulative planned value, which is the total value of work that was originally scheduled for completion by the end of a reporting period.
The sum of the approved cost estimates (including any overhead allocation) for activities (or portions of activities) scheduled to be performed during a given period (usually project-to-date). See also earned value. Calendar A calendar identifies project work days, and it can be altered so that weekends, holidays, vacation, weather days, and so forth are not included.