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Cost variance (CV)
A measurement of cost performance on a project. It is the algebraic difference between the earned value (EV) and actual cost (AC). CV = EV minus AC. A positive value indicates a favourable condition and a negative value indicates an unfavourable condition.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
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