Budgeted cost of work performed (BCWP), or "earned value" (EV), in project management is the budgeted cost of work that has truly been done in carrying out a scheduled task in a particular time period. NASA's definition of the BCWP is the sum of the budgets for completed work packages and completed parts of open work packages, plus the applicable part of the budgets for level of effort and apportioned effort. BCWP is an Earned value management word and it is dissimilar from:
As example of the difference assume that a schedule contains:
At the end of January 5, the work is scheduled to be 50% complete (5 days of the scheduled 10 days). So, at the end of January 5,
Assume that by the end of January 5, the work is just only 30% complete. In this situation,
Also, assume that to reach the 30% complete level at the finish of January 5, $250 was actually spent.