The sum of all budgets for work scheduled to be accomplished within a specific time period is referred to as the Budgeted Cost of Work Scheduled (BCWS). It represents the planned value of work to be performed during the reporting period.
Option A (Estimate at Completion - EAC) refers to the projected final cost of the project.
Option B (Budget at Completion - BAC) is the total project budget.
Option C (Budgeted Cost of Work Performed - BCWP) refers to the earned value.
This definition aligns with earned value management concepts covered in the PSP Study Guide​.
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