What Does BCWP Stand For?
BCWP stands for Budgeted Cost For Work Performed
BCWP, or Budgeted Cost For Work Performed, is a key performance metric in project management that measures the value of work actually completed against the planned budget. It reflects the budgeted cost of the work that has been accomplished to date, enabling project managers to assess project performance, analyze variances, and make informed decisions regarding resource allocation and project progression. BCWP is an essential component of earned value management, providing insights into cost-efficiency and overall project health.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym