Earned Value

From PEaM

PMI	Earned value (EV) is the value of work performed expressed in terms of approved budget assigned to that work for a schedule activity or Work Breakdown Structure component.[1]

AACEI	Budgeted Cost Of Work Performed (BCWP) is the measure of the amount of money budgeted to complete the actual work performed as of the data date. Represents the value of work performed, rather than the cost of the actual work performed. In current earned value management system usage, it is referred to as Earned Value (EV).[2]

DAU	Budgeted Cost of Work Performed (BCWP) is the sum of the budgets for completed work packages and completed portions of open work packages, plus the applicable portion of the budgets for level of effort and apportioned effort.[3]

See also

• Earned value management (EVM)
• Earned value technique (EVT)

References

1. ↑ Project Management Institute (2008). A Guide to The Project Management Body of Knowledge, 4th, Project Management Institute.
2. ↑ Association for the Advancement of Cost Engineering International [AACEI] (2007). Cost Engineering Terminology, 10S-90, Association for the Advancement of Cost Engineering International.
3. ↑ Defense Acquisition University (2005). Defense Acquisition Acronyms and Terms Glossary, 12th, Defense Acquisition University.

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This article contains text from the Association for the Advancement of Cost Engineering website which is copyright all rights reserved by Association for the Advancement of Cost Engineering International (AACEI).

This article contains text from the Defense Acquisition University website which, as a US government publication, is in the public domain.