Here’s a list of all Earned Value formulas: CV = EV – AC (where CV is Cost Variance, EV is Earned Value, and AC is the Actual Cost). SV = EV –…
Category: Project Cost Management
What Is Burn Rate?
Burn Rate is a metric to assess the performance of a certain project with respect to the original budget. In short, burn rate is the rate at which the project is spending…
What Is the Difference Between Estimated Cost at Completion (EAC) and Actual Cost (AC)?
The main difference between the Estimated Cost at Completion (EAC) and the Actual Cost (AC) is that the former is a prediction of what the cost would be for accomplishing a certain…
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