To fully understand project cost variance, it’s helpful to be familiar with the main types of project costs. Take a look at the four you’re most likely to see. Most projects have all fou… See more

Cost variance (also referred to as CV) is the difference between project costs estimated during the planning phaseand the actual costs. In other words, it’s how much actua… See more

Before cost variance comes into play, you need to determine if the project expenses are justified. Download our free cost-benefit analysis template for Excelto quickly crunch the number… See more

There are four variations of the cost variance formula used in earned value management (EVM). Each of these variance equations solves for different values, so i… See more