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• BCWS is the Budget Cost work Schedule mean money you plan to spend base on the schedule you already set • ACWP is the Actual Cost Work Plan mean money you exactly pay for the work • BCWP is the Budget Cost Work Plan mean money you should get compare to what you already done or money that you will get from the work that you already done. (payment of the owner is depend on the finished work) SV(Schedule Variance)=BCWP-BCWS• SV=0 means the project is on time • SV<0 means the project is delay • SV>0 means the project is overhead CV(Cost Variance)= BCWP-ACWP• CV=0 means the project budget is ok • CV<0 means the project is cost overrun • CV>0 means the project is saving SI (Schedule Index)= BCWP/BCWS ( the same meaning as SV)CI (Cost Index)= BCWP/ACWP ( the same meaning of CV) ***Even some project activity is delay it is not mean the delay of the whole project, unless it is the critical activitySO WHEN THE ACWP CURVE IS NOT OUT OF THE BOUDARY OF S CURVE OF ES-EF AND LS-LF IT MEAN IT MEAN THIS PROJECT IS NOT BAD.
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