If the Schedule Variance (SV) =$55, and the Planned Value (PV) =$11, what is the Earned Value (EV)?

The correct answer is D. $66. Option D ($66) is correct because the Schedule Variance formula is SV = EV − PV, so rearranging gives EV = SV + PV = $55 + $11 = $66. Why the distractors fail: A ($0.2) - Results from dividing PV ÷ SV ($11 ÷ $55), which has no basis in Earned Value Management formulas. B ($5)…

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Question

Options

A$0.2
B$5
C$44
D$66

How the community answered

(49 responses)

A
6% (3)
B
4% (2)
C
12% (6)
D
78% (38)

Explanation

Option D ($66) is correct because the Schedule Variance formula is SV = EV − PV, so rearranging gives EV = SV + PV = $55 + $11 = $66.

Why the distractors fail:

A ($0.2) - Results from dividing PV ÷ SV ($11 ÷ $55), which has no basis in Earned Value Management formulas.
B ($5) - Results from dividing SV ÷ PV ($55 ÷ $11 = 5), which actually calculates the Schedule Performance Index (SPI), not EV.
C ($44) - Results from subtracting PV from SV ($55 − $11), which reverses the correct rearrangement; you must add PV, not subtract it.

Memory tip: Anchor the formula as "SV = EV − PV" and remember it alphabetically - E comes before P, so EV minus PV. To isolate EV, just move PV to the other side: EV = SV + PV.

Topics

#earned value#schedule variance#planned value#EVM formulas

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