What is Cost Variance? John Spacey, updated on
Cost variance is the difference between actual and budgeted costs for a project at a point in time. It is calculated as:
Cost variance = earned value - actual costCost variance can be represented as a percentage by dividing by earned value.Cost variance % = (cost variance / earned value) × 100
Project ManagementThis is the complete list of articles we have written about project management.If you enjoyed this page, please consider bookmarking Simplicable.
Project RiskA list of common project risks.Project Management BasicsA list of basic project management techniques.Workaround
A definition of workaround with examples.
Project Branding
A list of project branding techniques.
Stakeholder ManagementAn overview of project stakeholder management with examples.Action PlanA definition of action plan with examples.Cost Overrun
The primary types of cost overrun.
Document ControlThe definition of document control with examples.Project Oversight
A guide to project oversight.
Design-Driven Development
A definition of design driven development with examples.
Project RiskA list of common project risks.Project StakeholderA list of common project stakeholders.Business RisksA list of common business risks.Risk vs Issue
The difference between a risk and an issue.
Risk TreatmentThe five things that can be done about risk.Secondary Risk
The definition of secondary risk with examples.
Risk Register
A guide to creating a risk register with an example.
Risk Perception
A definition of risk perception with examples.
ImplementationThe common types of implementation.Project Risk Management
A reasonably complete guide to project risk management.
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