A project manager needs to determine the schedule variance (SV). The project manager's latest schedule indicates 14 units of work completed against a plan of 23 units.
What is the SV?
A project manager needs to determine the schedule variance (SV). The project manager's latest schedule indicates 14 units of work completed against a plan of 23 units.
What is the SV?
The Schedule Variance (SV) is calculated using the formula SV = EV - PV, where EV is the Earned Value (units of work completed) and PV is the Planned Value (planned units of work). In this scenario, EV is 14 units and PV is 23 units. Therefore, SV = 14 - 23, which equals -9. A negative SV indicates that the project is behind schedule because less work has been completed than planned.
EV = 14 PV = 23 SV = EV - PV SV = 14 - 23 = -9 , behind schedule. Less work’s been completed than planned by this point in time
The formula is SV=EV-PV. If the schedule variance is positive, the project is ahead of schedule. If it is negative, the project is behind schedule. So the answer is D -9
The correct answer is: C. 9 Here's how to calculate the Schedule Variance (SV): SV = Planned Value (PV) - Earned Value (EV) We can determine the Earned Value (EV) from the information given: EV = Units of work completed = 14 The Planned Value (PV) is based on the project schedule: PV = Planned units of work = 23 Now, let's plug these values into the formula: SV = 23 (PV) - 14 (EV) = 9 Therefore, the Schedule Variance (SV) is 9 units. Interpretation: A positive SV (9) indicates the project is behind schedule. The project has completed 9 units less work than what was planned for this stage of the project.
EV = 14 PV = 23 SV = EV - PV SV = 14 - 23 = -9 , behind schedule. Less work’s been completed than planned by this point in time Negative SV means behind schedule, positive means ahead.