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What is CV in project management?

Updated: 9/20/2023
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12y ago

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CV is a term that is used while measuring project performance.

CV stands for Cost Variance

Cost variance (CV) - This is a measure of cost performance in terms of deviation of reality from the plan, and it is obtained by subtracting the actual cost (AC) from the earned value (EV), as shown in the formula here:

CV = EV - AC

EV = Earned Value

AC = Actual Cost

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