Examlex
All the following are polar except
Actual Cost
The total amount of money that has been spent on a project or activity up to a specific point in time.
Budgeted Cost
The estimated financial expenditure allocated for a project or a specific activity within a project.
Planned Value
The budgeted cost of work scheduled to be completed by a specific point in time during a project.
Cost Variance
The difference between the budgeted or baseline amount of expense and the actual amount spent.
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