1. Project Management
  2. Plan vs Reality

Planned Resource Cost vs Actual Resource Cost

Money

By juxtaposing expected costs associated with resources to the actual costs, this KPI provides insights into resource cost management and aids in budget adjustments.

Formula

Resource Cost Variance = Actual resource cost - Planned resource cost

Example

If the planned cost for a resource was $5,000 and the actual cost is $5,500, the variance is -$500.