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Earned Value Terminology

Data Element. Term. Acronym. Scheduled Work. Budgeted Cost for Work Scheduled. PV (BCWS). Earned Value. Budgeted Cost for Work Performed. EV (BCWP). Actuals. Actual Cost of Work Performed. AC (ACWP). Work Variance. Schedule Variance. SV=EV-PV. Cost Variance. Cost Variance.

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Earned Value Terminology

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  1. Data Element Term Acronym Scheduled Work Budgeted Cost for Work Scheduled PV (BCWS) Earned Value Budgeted Cost for Work Performed EV (BCWP) Actuals Actual Cost of Work Performed AC (ACWP) Work Variance Schedule Variance SV=EV-PV Cost Variance Cost Variance CV=EV-AC Cost Performance Cost Performance Index CPI=EV/AC Sched. Performance Schedule Performance Index SPI=EV/PV Authorized Work Budget At Completion BAC=S (PV) Completion Cost Estimate to Complete ETC Forecasted Cost Estimate At Completion EAC=AC+ETC Completion Variance Variance At Completion VAC=EAC-BAC Earned Value Terminology

  2. Earned Value Data Elements Time Now EAC ETC VAC CBB=Contract Budget Base MR BAC(PMB) Projected Program Delay PV AC EV Schedule Variance Cost Variance Schedule Slip

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