C

CV

see cost variance.

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: $\frac{\mi {BAC}}{\mi {CPI}} =$ projected cost at completion. $\mi {CPI} = \frac{\mi {EV}}{\mi {AC}}$.

cost variance (CV)

the difference between the earned value of an activity and the actual cost of that activity; that is, $\mi {CV} = \mi {EV} - \mi {AC}$.

cost variance percentage (CV%)

cost variance relative to earned value: $\mi {CV\% } = \frac{\mi {CV}}{\mi {EV}}$.