Posted in Finance, Accounting and Economics Terms, Total Reads: 768
Definition: Budgeted Cost of Work Scheduled (BCWS)
Budgeted Cost of Work Scheduled (BCWS) is the total budget that has been allotted to each task of any given project to be completed in a stipulated period of time. The planning function of earned value management, a technique that is used to measure the project performance and progress objectively is achieved by this estimation. Hence, the value obtained is called the Planned Value (PV).