Cost variance CV) is _____.
A) earned value minus actual cost
B) earned value minus planned value
C) the ratio of earned value to planned value
D) the ratio of earned value to actual cost
E) budget at completion minus the earned value

Question

Quizplus · Accepted Answer

Cost variance (CV) is calculated as the earned value (EV) minus the actual cost (AC), which measures the cost performance of a project by indicating how much over or under budget the project is.

Cost Variance CV) Is _____