Budgeted Cost for Work Scheduled (BCWS), also known as Planned Value (PV), represents the planned budgeted cost for the work scheduled to be performed up to a specific point in time. It indicates the value of the work that was planned to be accomplished. BCWS is used for measuring schedule performance.
Calculation: BCWS = Planned % Complete * BAC
Make sure you never miss out! Sign up to our monthly newsletter to keep up with the biggest news stories in construction and the latest Raildiary updates. Full of our latest case studies, blogs and fun quizzes!