Use this method if your organization uses earned value management methodology for measuring project performance and has projects and tasks that use this method. As each milestone in the summary task is reached, a specific percent of the work is completed until 100 percent is reached. The project manager assigns weights to milestones across the duration of the summary task. Level of Effort (LOE)īCWP = Budgeted Cost of Work Scheduled (BCWS)ĭefines the EV calculation method where Budgeted Cost of Work Performed (BCWP) is user-defined. Also use when 50 percent credit is earned when a project or task is started and the remaining 50 percent is earned upon completion. Use this method when project work begins and completes within two reporting periods. If % complete > zero but < 100, then BCWP = Budget at Completion (BAC) / 2.
50/50ĭefines the EV calculation method where Budgeted Cost of Work Performed (BCWP) is system calculated using the following formula: Also, use when credit is only earned when the project or task is 100 percent complete. Use this method when project work begins and completes in a single reporting period. If % complete = 100, then BCWP = Budget at Completion (BAC) otherwise, BCWP = zero. The EV calculation method where Budgeted Cost of Work Performed (BCWP) is system calculated using the following formula:īCWP = Budget at Completion (BAC) * % completeĭefines the EV calculation method where Budgeted Cost of Work Performed (BCWP) is system calculated using the following fixed formula: The following EV calculation methods are available: Percent Complete (PC)ĭefines an estimate expressed as a percent of the amount of work that has been completed on a task or work breakdown structure. The value is used in all EV calculations that require BCWP as a parameter. Regardless of the earned value calculation method you set for your project, the value entered in the BCWP Override field overrides the system-calculated BCWP values.
You can also override BCWP for specific tasks. To define the value, baseline the project or updating the earned value totals. If you use an EV calculation method for your project and all of its tasks that are not system calculated, define your project BCWP value. For methods that are not system calculated, manually enter the Budgeted Cost of Work Performed (BCWP) for your project. Some of the methods are system calculated. Managing Projects › Earned Value › About Earned Value Calculation MethodsĪn earned value calculation method is the method for calculating the various earned value (EV) metrics.
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