Beth is the project manager of the BFG Project for her company. In this project Beth has decided to create a contingency response based on the performance of the project schedule. If the project…

The correct answer is D. SV=EV-PV. Schedule Variance (SV) = EV - PV. In Earned Value Management (EVM), SV measures whether the project is ahead or behind schedule in dollar terms. EV (Earned Value) is the budgeted value of work actually completed, and PV (Planned Value) is the budgeted value of work planned to…

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Question

Beth is the project manager of the BFG Project for her company. In this project Beth has decided to create a contingency response based on the performance of the project schedule. If the project schedule variance is greater than $10,000 the contingency plan will be implemented. What is the formula for the schedule variance?

Options

ASV=EV/PV
BSV=PV-EV
CSV=EV/AC
DSV=EV-PV

How the community answered

(44 responses)

A
5% (2)
B
2% (1)
C
2% (1)
D
91% (40)

Explanation

Schedule Variance (SV) = EV - PV. In Earned Value Management (EVM), SV measures whether the project is ahead or behind schedule in dollar terms. EV (Earned Value) is the budgeted value of work actually completed, and PV (Planned Value) is the budgeted value of work planned to be completed by a given date. A positive SV means ahead of schedule; negative means behind. Option A (EV/PV) is the Schedule Performance Index (SPI), not SV. Option C (EV/AC) is the Cost Performance Index (CPI). Option B (PV-EV) reverses the operands, giving the wrong sign convention.

Topics

#Schedule Variance#Earned Value Management#Project Performance Measurement

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