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.
the planned cost of work that should have been achieved according to the project baseline dates
The earned value field that indicates how much of the budget should have been spent, in view of the baseline cost of the task, assignment, or resource. BCWS is calculated as the cumulative time phased baseline costs up to the status date or todayĆ's date.
The total budgeted cost for work scheduled to be completed at any given time.
In project management, this term has been replaced with the term planned value.
Budgeted Cost of Work Scheduled (BCWS) is also referred to as Planned value (PV). In Project Management (PM) speak, PV is part of the earned value management, which is used to accomplish the Performance Measurement Analysis technique, a tool and technique used in the cost control process. PV is nothing more than the approved budget that has been allocated to complete a schedule activiy or Work Breakdown Structure (WBS) component during a specific time period.