Cost · PM Glossary
Cost Variance (CV)
The difference between earned value and actual cost: CV = EV − AC. A negative CV means over budget.
Example
EV $170,000 − AC $182,000 = CV of −$12,000 (over budget).
Related terms
‹ Cost Performance Index (CPI) · All glossary terms · Cost-Reimbursable Contract ›
Share this page: LinkedIn · Facebook · X