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When the market price is established where demand and supply curves intersect:
Earned Value
A project management metric that measures project performance by comparing the work performed's value to the planned value and actual cost.
Actual Cost
The total expense incurred for a project, activity, or item, reflecting the real financial expenditure.
Cost Variance
The difference between the budgeted or estimated cost of a project and the actual cost incurred.
Cost Performance Index
A measure in project management that calculates the efficiency of budget utilization by dividing the earned value by the actual costs.
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