Also CVCost Variance More. A measure of cost performanceThe term used to describe the quality of the delivery and th... More on a projectA temporary endeavour undertaken to create a unique product,... More. It is the difference between earned valueAlso EV. The value of work performed expressed in terms of t... More (EVEarned Value More) and actual costAlso AC. Total costs actually incurred and recorded in accom... More (ACActual Cost More). CVCost Variance More = EVEarned Value More minus ACActual Cost More. The difference (positive or negative) between the actual expenditureA charge against available funds, evidenced by a voucher, cl... More and the planned/budgeted expenditureA charge against available funds, evidenced by a voucher, cl... More.