It is the amount of budget deficit or surplus at a given point in time, and is expressed as the difference between earned value (EV) and actual cost (AC).
Cost Variance (CV)
Definition of Cost Variance (CV)
Last updated: April 26, 2024
BRAINBOK BRAINBOK Definition of Cost Variance (CV)
It is the amount of budget deficit or surplus at a given point in time, and is expressed as the difference between earned value (EV) and actual cost (AC).