Money is one of the main driving factors for any project. Many people including investing stakeholders, upper management, and customers are all concerned with how much money the project is consuming. Planned Value and Earned Value can be compared to see whether or not projects are over or under budget and that comparison has the power to derail the entire project if it gets out of hand. When in the monitoring and controlling phase, project managers need to be aware of what their costs are and how it could affect the end-product and projected completion. Variance can be applied to not only the budget but even the schedule as well. If these numbers are positive it is a good indicator of a project’s probability to succeed. Even if they are negative, there is still a chance to meet the original goals if the correct actions are taken.