Calculating and Understanding Cost Variance
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CV is the first of two basic variances that can be calculated once EV, PV and AC have been determined for an activity or project. CV is simply the Earned Value minus the Actual Costs: CV = EV−AC
If CV is negative, that means that the project work is costing more than planned. If CV is positive, then the project work is costing less than planned.
CV can be calculated for each activity, for segments of a project (for example a deliverable or sub-deliverable) or for the entire project.
#EarnedValue
Видео Calculating and Understanding Cost Variance канала J Scott Christianson
Signup for The Free-Range Technologist, a monthly newsletter filled with creative commons resources, useful apps, and lifehacks: https://mailchi.mp/f8f0219bc305/jscott
CV is the first of two basic variances that can be calculated once EV, PV and AC have been determined for an activity or project. CV is simply the Earned Value minus the Actual Costs: CV = EV−AC
If CV is negative, that means that the project work is costing more than planned. If CV is positive, then the project work is costing less than planned.
CV can be calculated for each activity, for segments of a project (for example a deliverable or sub-deliverable) or for the entire project.
#EarnedValue
Видео Calculating and Understanding Cost Variance канала J Scott Christianson
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