Variance at Completion with Earned Value (VACEV) represents the difference between the earned value and the actual cost of the project. It indicates the cost variance at the completion of the project based on earned value analysis. VACEV helps in evaluating the cost performance at the end of the project.
Calculation: VACEV = EV - AC
Make sure you never miss out! Sign up to our monthly newsletter to keep up with the biggest news stories in construction and the latest Raildiary updates. Full of our latest case studies, blogs and fun quizzes!