Cost variance

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Cost variance (CV) is a measure of cost performance on a project. It is the difference between earned value (EV) and actual cost (AC).[1]

CV = EV - AC

References

  1. Project Management Institute (2008). A Guide to The Project Management Body of Knowledge, 4th, Project Management Institute.
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This article contains text from the Project Management Institute PM Body of Knowledge which is copyright all rights reserved by Project Management Institute, Inc. (PMI). Project Management Body of Knowledge is a registered trademark of PMI
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