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cost variance (CV)

The Cost Variance (CV) is the amount that results from the Budget Deficit or Budget Surplus.

Such a cost variance refers to a certain key date or project section of the basic plan of a project. It is the difference between the Earned Value (EV) and the Actual Costs (AC): CV = EV - AC. If the difference is positive, then the cost plan is not only met but even undercut, whereas if it is negative, then the deficit prevails and the cost variance exceeds the budgeted cost management figure.

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Englisch: cost variance - CV
Updated at: 11.02.2013
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