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Earned Value Management Systems - Niwot Ridge
www.niwotridge.com5/33 Basic Concepts of Earned Value Management Three dimensions of Earned Value The Plan – Budgeted Cost of Work Scheduled (BCWS) The Performance – Budgeted Cost of Work Performed (BCWP) The costs of Performance – Actual Cost of Work Performed (ACWP) BCWS Authorized work – scheduled tasks Time frame for the work Sum of planned values – baseline plan