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Planned Value(PV):-
PV:- Percent Complete (Schedule) X Task Budget
Earn Value(EV):-
EV:- Percent Complete (Planned) X Task Budget
Cost Variance :-
CV = EV - AC
The project is over - budget if the CV is negative
If the CV is zero , the project will be on the budget
If the CV is positive , it means that the project is under budget