At the status date a project reports earned value (EV) = $250,000 and actual cost (AC) = $300,000. What is the cost variance percentage (CV%)?

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Accepted Answer

−20%. CV = EV − AC = 250,000 − 300,000 = −50,000. CV% = CV / EV = −50,000 / 250,000 = −0.20 = −20%. The negative sign indicates the project is over cost. Dividing by AC instead of EV would give the incorrect −16.7%.

At the status date a project reports earned value (EV) = $250,000 and actual cost (AC) = $300,000. What is the cost variance percentage (CV%)?

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