Question: what is the difference between the budgeted cost of work performed?
Answer: A contractor usually reports the BCWP on all work packages completed for a project. The BCWP is then compared to Budgeted Cost of Work Scheduled (BCWS) to determine if the project is behind or ahead of where it's projected to be. ... The difference between the BCWP and the ACWP is the Cost Variance (CV).