Cost Variance Cost Variance (CV = EV-AC) is the earned value minus the actual costs. You want to make sure your actual costs stay in line or below the earned value.Share this:Click to email this to a friend (Opens in new window)Click to share on Twitter (Opens in new window)MoreShare on Facebook (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on LinkedIn (Opens in new window)Like this:Like Loading...