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| Glossary of Earned Value Management Terms |
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CPI
CV
see cost variance.
CV%
cost performance index (CPI)
the cost efficiency ratio of earned value to actual cost. CPI is often used to predict the magnitude of a possible cost overrun by using the following formula: 
projected cost at completion. 
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cost variance (CV)
the difference between the earned value of an activity and the actual cost of that activity; that is, 
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cost variance percentage (CV%)
cost variance relative to earned value: 
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