Earned value (EV) is the value of work performed expressed in terms of the approved budget assigned to that work for a scheduled activity or work breakdown structure. Earned value is also referred to as the budgeted cost of work performed (BCWP). If you choose an earned value calculation method for your project and all of its tasks that is not system calculated—such as weighted milestones, milestone percent complete, or apportioned effort—you must manually enter your project's BCWP value. You can also manually override BCWP for specific tasks.
Regardless of the earned value calculation method you set for your project, the value you enter in the BCWP Override field on this page overrides the system-calculated BCWP values and is used in all EV calculations that require BCWP as a parameter.
To manually override BCWP at the project level
The Project: Properties: Main - General page appears.
The Project: Properties: Main - Schedule page appears.
The project's earned value is defined.
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