Cost Variance at Completion (CVAC) represents the projected difference between the earned value (EV) and the actual cost (AC) at project completion. It indicates whether the project is expected to be under or over budget based on the current performance. A positive CVAC indicates cost savings, while a negative CVAC suggests cost overruns. CVAC helps in assessing the overall cost performance of the project.
Calculation: CVAC = BAC - AC
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