Cost and schedule variance data are part of earned value analysis, which is a tool that small and large businesses use as an early-warning system to identify and manage problems in ongoing projects.

According to Wrike, cost variance is a process in which the financial performance of a project is determined. When examining cost variance, the budget that was established at the beginning of the ...

Standard deviation and variance are two basic mathematical concepts that have an important place in various parts of the financial sector, from accounting to economics to investing. Both measure the ...