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difference between ACWP & BCWP

5 replies [Last post]
Thu, 2007-09-13 12:26
Sinan Fahmi
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hi planners,
can you explain to me the difference between ACWP & BCWP.

THANX
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Replies

Tue, 2015-08-11 14:33
#1
Alastair Morrison
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BCWP = Budgect Cost Of Work performed (more commenly described as Earned Value and this is calculated very simply by using the percentage reported for work done for achieving either hours or value of the activity being progressed or measured.

 

Ie Task 1 has a budget of £10,000 and will take 100 manhours to complete so if you have claimed you are 50% complete then you have achievdd 50% of the cost and effort . £5000 & 50hrs respectively

ACWP = Actual Cost of Work performed  which as it states the "actual cost used and the actual hours burned.

Ie if you have spent £4000 and burned 40 hours then that is what you report for ACWP (40%)

 

In this instance depending on your baseline data the project looks healthy

You have achieved more than you have expended , if the Planned Cost of Work Performed indicates you are ahead at this point , use S Curves to establish this.

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Mon, 2015-07-13 23:06
#2
Waseem Masalma
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Groups: Building Information Modelling

Thanks For Great Explanation

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Sat, 2007-09-15 12:51
#3
Sinan Fahmi
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thanx alot my friends for this great explain
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Fri, 2007-09-14 23:25
#4
Karim Mounir
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Hi sinan,

ACWP: Actual cost for work performed
What is the actual cost incurred for the work completed?
- If u’ve a task which has a budget of $1000, u completed 70% of this task, then the ACWP will be the actual cost that u incurred to complete this 70%.

BCWP: Budgeted cost for work performed (Earned Value or EV)
What is the estimated value of the work actually completed?
- If u’ve a task which has a budget of $1000, u completed 70% of this task then the BCWP will be equal to 70%x1000 (one of the methods in calculating EV) regardless of how much this task has actually cost.
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Thu, 2007-09-13 12:43
#5
Joe Hellenbrand
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Groups: Civil Engineering
P3 help defines ACWP as Actual costs incurred for work performed - what it really cost you to perform that work. it is independent of %complete and budgeted costs. if you had to pay for extra concrete or OT so be it those are reflected here

BCWP is what it should have cost you according to your budget to perform that work. say you have completed 10% of a $1000 activity the BCWP should be $100 (0.1 X $1000 = $100)
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