Actual workhours or dollars-to-date represent what is paid for. Which term is this?

Actual workhours or dollars-to-date represent what is paid for. Which term is this?

• A. Budgeted Cost for the Work Performed (BCWP)
• B. Actual Cost of Work Performed (ACWP)
• C. Budgeted Cost for the Work Schedule (BCWS)
• D. Budget at Completion (BAC)

Answer: (B)

In earned value terms, the amount actually spent to complete the work to date is the Actual Cost of Work Performed. This reflects the real dollars incurred for the work that has been finished so far, including labor, materials, and other costs, not the planned or budgeted values. It’s what has been paid up to now and is used alongside the budgeted measures to assess cost performance. To contrast the other terms: Budgeted Cost for the Work Performed is the budgeted value of the work completed (the earned value). Budgeted Cost for the Work Schedule is the planned value of the work that should have been completed by this point. Budget at Completion is the total budget for the entire project.

In earned value terms, the amount actually spent to complete the work to date is the Actual Cost of Work Performed. This reflects the real dollars incurred for the work that has been finished so far, including labor, materials, and other costs, not the planned or budgeted values. It’s what has been paid up to now and is used alongside the budgeted measures to assess cost performance.

To contrast the other terms: Budgeted Cost for the Work Performed is the budgeted value of the work completed (the earned value). Budgeted Cost for the Work Schedule is the planned value of the work that should have been completed by this point. Budget at Completion is the total budget for the entire project.