A project has a planned value (PV) of $200,000 and an earned value (EV) of $180,000. Based on these values, which of the following best describes the project's schedule performance?
Schedule variance (SV) is calculated using the formula SV = EV - PV. By substituting the given values: SV = $180,000 - $200,000 = -$20,000. A negative SV indicates that the project is behind schedule by $20,000. The other options are incorrect because they either misinterpret the sign of the variance or calculate it incorrectly.
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What is Planned Value (PV) in project management?
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What is Earned Value (EV) and how is it calculated?
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What does a negative Schedule Variance (SV) signify?
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Predictive, Plan-Based Methodologies
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