Difference between revisions of "Cost Variance"
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==Definition== | ==Definition== | ||
| − | According to [[ | + | According to the [[PMI Lexicon of Project Management Terms]], |
:[[Cost Variance]] ([[CV]]). The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost. See also schedule variance (SV). | :[[Cost Variance]] ([[CV]]). The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost. See also schedule variance (SV). | ||
| − | [[Category: | + | [[Category: Project Management]][[Category: Articles]] |
Latest revision as of 18:56, 3 July 2020
Cost Variance (CV) is the amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost. See also schedule variance (SV).
Definition
According to the PMI Lexicon of Project Management Terms,
- Cost Variance (CV). The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost. See also schedule variance (SV).
