Photo credit: flickingerbrad / Foter / CC BY. The Parent Association of the Kennedy Krieger School: Greenspring Campus LEAP Program is inviting friends and families of the school to join its LEAPing for Technology campaign for iPads in the classroom.
Description. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.You can make budgets for various costs such as project costs or product development costs.escription. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.
Cost variance (CV) is the amount of money that was actually spent on a project or a part of a project compared to the amount of work that was actually accomplished.Cost variance is the budgeted cost of work performed minus the actual cost of work performed.Tell me more â¦.In the earned value reporting system for projects, we are concerned with knowing how our project is doing with respect to the amount of money being spent and the accomplishments being achieved.he cost variance is an important figure to the project manager and the other managers of the company because it is an indicator of how well the project is doing in terms of spending its budget.