Cost Variance
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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 Macroeconomics by Mankiw (7th edition),
- 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).
