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Capital Recovery Factor CalculatorCost Performance Index CalculatorCost Variance CalculatorGross Operating Income CalculatorGross Scheduled Income CalculatorBreak Even Ratio CalculatorDebt Coverage Ratio CalculatorAnnual Debt Service CalculatorFixed Charge Coverage Ratio CalculatorReturn on Assets Ratio Calculator
CostingDifference between Estimating and CostingMaterial Cost CalculationVariance, Standard Deviation and Relative Variability
CostingDifference between Estimating and CostingMaterial Cost CalculationVariance, Standard Deviation and Relative Variability
Cost Variance Calculator
Cost variance also known as CV in short, is a vital factor for measuring the performance of a project. It helps us to know the amount of over budget or under budget the project is. If the cost is positive then it means that the project is under budget and if the cost is negative then the project is over budget.
We can calculate cost variance with the help of this below formula:
In the below online cost variance calculator, enter the earned value and the actual cost in the respective fields and then click calculate to find the answer.
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