The project manager is reviewing the earned value of work completed compared to the planned value and is representing it in a dollar figure.
This type of analysis is an example of which of the following?
The project manager is reviewing the earned value of work completed compared to the planned value and is representing it in a dollar figure.
This type of analysis is an example of which of the following?
Schedule variance is calculated as the difference between earned value (EV) and planned value (PV). This calculation is typically expressed in dollar terms to represent whether the project is ahead or behind schedule. In this case, the project manager compares the earned value to the planned value and represents it in a dollar figure, which directly points to schedule variance.
cost variance.
No, it is still schedule variance. SV = EV - PV CV = EV - AC
It is Cost Variance.
Schedule Variance = Earned Value - Planned Value. The answer is schedule variance. Nowhere in the question does it say anything about Actual Cost.
I I captain.
I I captain.
Schedule Variance = Earned Value - Planned Value. The answer is schedule variance. Nowhere in the question does it say anything about Actual Cost.
I I captain.
I was surprised to learn schedule variance is actually measured in dollars. This question is definitely intended to throw you off track by providing two "cost" answers.
I I captain.
It is Cost Variance.
Schedule Variance = Earned Value - Planned Value. The answer is schedule variance. Nowhere in the question does it say anything about Actual Cost.
I I captain.
I I captain.
Schedule Variance = Earned Value - Planned Value. The answer is schedule variance. Nowhere in the question does it say anything about Actual Cost.
I I captain.
I was surprised to learn schedule variance is actually measured in dollars. This question is definitely intended to throw you off track by providing two "cost" answers.
I I captain.
@I0609890 is 100% correct. answer is schedule variance.
How is this C?
Schedule variance is an indicator of whether a project schedule is ahead or behind.... Can't very well represent that "in a dollar figure." Its cost variance don't get tripped up on terminology.
Schedule variance is only represented in dollar figure $1000 ahead of schedule $0 in schedule -$1000 behind schedule https://www.wrike.com/project-management-guide/faq/what-is-schedule-variance-in-project-management/
Schedule variance is represented in a dollar figure. https://project-management.com/schedule-variance-formula/ There is not enough info in this question to distinguish between cost or schedule variance.