Cost Implication for Project management ----> Understanding Project Costs and Why They Went Up or Down ???

Cost Implication for Project management ----> Understanding Project Costs and Why They Went Up or Down  ??? 

Stating the Problem >> Defining the Terms -->

    Budget Cost for Work Scheduled (BCWS)

    Budget Cost for Work Performed (BCWP)

    Actual Cost for Work Performed (ACWP)

Quantity Variance (BCWS – BCWP) --> Rate Variance (ACWP – BCWP)-->Total Variance (ACWP – BCWS)

 

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Sajal

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