What Does BCWP Stand For?

BCWP stands for Budget Costs For Work Performed

BCWP, or Budget Costs for Work Performed, is a key metric in project management that quantifies the value of work actually completed at a specific point in time, based on the budgeted costs allocated for that work. It is a critical component of Earned Value Management (EVM), enabling project managers to assess project performance and progress by comparing BCWP against planned costs and actual costs, thereby facilitating effective decision-making and resource allocation.

Other Meanings for BCWP