EVM Contract Performance – Cost Variance

by Humphreys & Associates on June 1, 2022 last modified October 5, 2023

No project is ever without some cost variance. Whether it’s the price of materials changing or workers going over budget, costs always seem to creep up on projects. But what can you do to minimize the impact of cost variance on your project? By understanding where these costs come from and planning for them ahead of time, you can keep your project on track despite any bumps in the road. Check out this blog post for more tips on how to handle cost variance in your next project.

Cost Variance may be calculated as part of a Variance Analysis Report or while monitoring an existing contract’s performance.


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EVMS Document Matrix

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EVMS is a comprehensive approach to project management that encompasses all aspects of a project, from inception to completion. EVMS courses from Humphreys and Associates will give you the skills and knowledge you need to successfully manage EVM projects of all sizes.

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EVM training sessions are offered throughout the year by H&A. EVMS, advanced Earned Value Management techniques, and project scheduling are all covered during these frequent public EVM workshops. These earned value education courses are ideal for anybody wanting to increase their understanding of or application of EVMS or scheduling. Our training programs are suited for individuals with various degrees.

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