What Does BCWS Stand For?
BCWS stands for Budget Costs For Work Scheduled
BCWS, or Budget Costs For Work Scheduled, refers to a project management metric that represents the planned budget for work that is scheduled to be completed within a specific time frame. It serves as a baseline for measuring project performance and progress, helping to determine variances between budgeted and actual costs. This component is essential for effective financial management and resource allocation throughout the lifecycle of a project.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym