Cost Variance (CV) is the difference between a task’s estimated or budgeted cost and its actual cost. A negative variance indicates the project or shell is over budget.
CV = BCWP – ACWP
Example: $400 – $750 = –$350
Cost Variance (CV) is the difference between a task’s estimated or budgeted cost and its actual cost. A negative variance indicates the project or shell is over budget.
CV = BCWP – ACWP
Example: $400 – $750 = –$350
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