Enquiry about denfinition of Budget, planned, earned

S
Sum Lap Key 👤 Member for 18 years 7 months
S
Sum Lap Key 👤 Member for 18 years 7 months

Thank you very much Johnny Kesserwany, Raviraj Bhedase and Tom Nug for giving the answers to my question.

T
Tommy Nug 👤 Member for 18 years 6 months

Yes,

We also calculate percent complete of overal project:



%complete (actual)=BCWP/BAC

%complete (plan)=BCWS/BAC

A
A D 👤 Member for 19 years

Budget amount

Planned Value

Earned Value

Actual Value



There r three things:



Planned Value: Budgeted Cost of work Scheduled (BCWS)



Earned Value: Budgeted Cost of Work Performed (BCWP)



Actual Cost: Actual Cost of Work Performed (ACWP)



From these three values, u can hav SPI and CPI (Schedule Performance Index and Cost Performance Index)



SPI = EV / PV



CPI = EV / AC



For more details, apart from Paul Harris paper, u may also refer to PMBOK.



Cheers,



Rav

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