BCWS(2007)

[ghostme]

I really need to understand Budgeted Cost of Work Schedule and the way it
works in Project Server 2007.

Now if this what BCWS means - If you are expected to spend $100.00 on a
task, when the schedule for the task is showing that it should be 40%
complete, then the BCWS would amount to $40.00.
Simply put, the BCWS is the estimated cost of what you thought it would
take to get the task or project done up to a certain status date.

However, in Project Server if a project is 40% complete, the BCWS doesn't
change it still assume the cost of the Baseline cost.

Please 'am I missing something?

 

[Marc Soester [MVP]]

Hi gostme,

when you talk about budgeted cost are you refering to the new feature in
proejct 2007 called budget cost? if so, BCWS does not interact with this new
feature. BCWS is an earned value item that consideres the baseline cost not
the budget cost.
Does this make sense?

 

[ghostme]

Hi Marc,
Thanks for the response, I understand the relation of BCWS with the Baseline
cost, however, what I don't understand is that does it change while the
project progresses or it just stays the same with the Baseline cost.

Also, in my post, the definition I gave as regards BCWS is it incorrect or
not?

Thanks once again

 

[ghostme]

Please any clarification still.

Hi Marc,
Thanks for the response, I understand the relation of BCWS with the Baseline
cost, however, what I don't understand is that does it change while the
project progresses or it just stays the same with the Baseline cost.

Also, in my post, the definition I gave as regards BCWS is it incorrect or
not?

Thanks once again

 

[Neil A]

Ghostme,

The BCWS will not change as the work progresses. The displayed value
depends on the timephased Baseline Cost, and the Status Date.

I think of the cumulative Baseline Cost spread over the planned duration of
the task, and the Status Date tells you which day's value will be displayed.
Note that the cumulative value doesn't have to be linear - you could have
most of the cost planned to be spent at the start, say.

How much work is actually done has no impact on it.

Hope that helps.