In earned value management, which metric is calculated by subtracting planned value (PV) from earned value (EV) and indicates whether a project is ahead or behind in terms of work progress against the baseline plan?
Estimate to Complete (ETC)
Cost Variance (CV)
Variance at Completion (VAC)
Schedule Variance (SV)
The correct answer is Schedule Variance (SV). SV is calculated as SV = EV - PV, representing the difference between the actual work performed (EV) and the planned work (PV) at a certain point in time. A positive SV means the project is ahead of the baseline schedule, while a negative SV indicates it is behind. Cost Variance (CV) measures cost performance and is calculated as CV = EV - AC (actual cost). Variance at Completion (VAC) predicts the difference between the budgeted cost and the estimated cost at project completion (VAC = BAC - EAC). Estimate to Complete (ETC) represents the expected cost to finish all remaining project work. Therefore, SV is the metric that indicates the project's progress against the baseline in terms of work performed versus work planned.
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
All IT & Cybersecurity Package plans include the following perks and exams .
Our pricing is simple. Full access to all certifications and exams in each package, for one price.
As many practice tests for as many topics as you want.
Use study mode non-stop, no limits.
Access to our AI assistant, Bash, trained to help you pass your exam.
Track your scores over time in study mode and report cards.
See how you improve over time, and where you need to focus.
Access our store with even bigger discounts than before.
Unlimited access to all performance questions and be prepared for the real thing.
All IT & Cybersecurity Package plans include unlimited access to the following study materials.
Create an account or sign in to access our study materials.