Cost Variance Calculator

Answers the Question

How much did we over or underspend?

Calculator for Cost Variance


What Is the Cost Variance?

This formula compares the dollars that were expected to be spent for a given bit of a project with what has actually been spent. A variance below 0 will indicate overspending of a project. A variance above 0 will indicate an underspend (savings). A variance equal to 0 will show a project is exactly on target.

Why Is it Important?

Formula(s) to Calculate Cost Variance

Common Mistakes

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