In project management Earned Value Method (EVM), BCWS (Budgeted Cost of Work Scheduled)—also known as Planned Value (PV)—can be calculated for incomplete tasks, but it is often misunderstood or incorrectly calculated in project software. The inability to properly calculate or see a value for incomplete tasks usually stems from a misunderstanding of what BCWS represents, or it indicates a configuration error in the project schedule. Here is why you might not be getting expected BCWS results on incomplete tasks:
- Definition Misunderstanding (BCWS is about Time, not Progress) BCWS defines how much of the budget should have been spent by a specific status date based on the original baseline. Plan Academy Plan Academy +1 It does not care if the work is actually done, only if it was scheduled to be done by that date.