A project has a Planned Value (PV) of $50,000, Earned Value (EV) of $40,000, and Actual Cost (AC) of $45,000. What is the Schedule Variance (SV)?

Question

Project Management (PMP) — Medium

A project has a Planned Value (PV) of $50,000, Earned Value (EV) of $40,000, and Actual Cost (AC) of $45,000. What is the Schedule Variance (SV)?

Accepted Answer

The Schedule Variance (SV) is calculated as Earned Value (EV) minus Planned Value (PV), which in this case is $40,000 - $50,000. This results in a negative SV, indicating the project is behind schedule. The correct answer, -$10,000, reflects this calculation. Other options are incorrect due to miscalculations of the SV formula.