Question

A work package is 70% done, and $200,000 was budgeted for it. What is its BCWP?

A) $140,000
B) $80,000
C) Simply the value earned
D) All of the above
E) A and C only

Answer 1

The BCWP for a work package that is 70% complete with a budget of $200,000 is $140,000. This amount represents both the dollar value of the work actually performed (Earned Value) and option E) A and C only from the choices provided.

Step-by-step explanation:

The question relates to the concept of Budgeted Cost of Work Performed (BCWP), which is a term used in Earned Value Management (EVM), a project management technique. BCWP is also known as the Earned Value (EV), and it represents the budgeted amount for the actual work that has been completed. To calculate the BCWP for a work package that is 70% complete with an original budget of $200,000, you would multiply the percent complete by the budget amount:

BCWP = % complete × Budget at Completion (BAC)

BCWP = 70% × $200,000

BCWP = 0.70 × $200,000

BCWP = $140,000

Therefore, the correct answer is both A) $140,000 and C) Simply the value earned, which makes E) A and C only the correct option.