The Board of Directors of a publicly-traded company is concerned about the security implications of a strategic project that will migrate 50% of the organization’s information technology assets to the cloud. They have requested a briefing on the project plan and a progress report of the security stream of the project. As the CISO, you have been tasked with preparing the report for the Chief Executive Officer to present.

Using the Earned Value Management (EVM), what does a Cost Variance (CV) of -1,200 mean?