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From: karthick on 27 Sep 2005 00:59 How does BCWP,BCWS and ACWP calculated in ms project? What is the difference between them? plz help me. thnks in advance.
From: waldo on 27 Sep 2005 08:56 The ACWP is based on the actual cost you enter, either as percent complete or through entering actual hours. BCWS is the cost that should have been incurred based on the schedule - if you had a two week task and your at the end of the first week, the BCWS would be half the budgeted cost. The BCWP is based on the "Physical % Complete" that you enter - it's the measure of your progress. MS Project defaults to setting BCWP equal to ACWP. You have to change the calculation default to have it use the Physical % Complete. (This was a new learning for me this week) "karthick" wrote: > How does BCWP,BCWS and ACWP calculated in ms project? > What is the difference between them? plz help me. > thnks in advance.
From: Haris Rashid on 27 Sep 2005 14:05 hi Karthick, These fields used in Earned Value Analysis are defined below along with the description of how MS Project calculates these fields: The BCWS (budgeted cost of work scheduled) fields contain the cumulative timephased baseline costs up to the status date or today's date. To calculate BCWS for a task, Microsoft Office Project 2003 adds the timephased baseline costs of the task up to the status date. The BCWP (budgeted cost of work performed) fields contain the cumulative value of the task's, resource's, or assignments's percent complete multiplied by the timephased baseline costs. BCWP is calculated up to the status date or today's date. This information is also known as earned value. When a task is first created, the BCWP is 0.00. As soon as a baseline is saved and progress is reported for the task (as actual work, actual duration, or percentage of work complete), Microsoft Project calculates BCWP. This calculation is based on the percentage of work complete, as compared with the task's baseline duration. Project then calculates the cumulative baseline cost and provides the value of what the task's actual costs should be, given the task's progress to that point in the task's baseline duration. The ACWP (actual cost of work performed) fields show costs incurred for work already done on a task, up to the project status date or today's date. When a task is first created, the ACWP field contains 0.00. As progress (percentage of completion or actual work) is reported on the task, Microsoft Project calculates the actual cost of work performed (ACWP). This is the cost of actual work plus any fixed costs for the task to date. By default, how and when ACWP is calculated depends on the assigned resources' Standard Rate, Overtime Rate, Per Use Cost, and Cost accrual settings in the Resource Information dialog box, as well as the actual work reported, fixed costs for tasks, and the status date or today's date. Project can calculate ACWP even if you do not have resources assigned. In this case, the calculations are based on progress (percentage of completion or actual work) and fixed costs to date for the task. If you prefer, you can have ACWP calculated based on your entries in the Actual Cost (timephased) field. Kind regards, ------------ Haris http://www.manage-systems.com ---------------------------------------- "karthick" wrote: > How does BCWP,BCWS and ACWP calculated in ms project? > What is the difference between them? plz help me. > thnks in advance.
From: raycoker on 27 Sep 2005 15:57 "karthick" wrote: > How does BCWP,BCWS and ACWP calculated in ms project? > What is the difference between them? plz help me. > thnks in advance. Earned Value (EV) or the Budgeted Costs of Work Performed (BCWP): The physical work accomplished to the As-of Date or the Status Date. Planned Value (PV) or the Budgeted Costs of Work Schedule (BCWS): The baseline, or the physical work scheduled (planned) to the As-of Date or the Status Date. Actual Cost (AC) or the Actual Cost of Work Performed (ACWP): Total costs incurred as a result of accomplishing the work to the Status Date.
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