A project's earned value (EV) is $80,000, and its planned value (PV) is $100,000. Based on these values, how is the project performing relative to its schedule?
To determine the project's schedule performance, calculate the schedule variance using the formula SV = EV - PV. Here, SV = $80,000 - $100,000 = -$20,000. A negative schedule variance means the project is behind schedule because it has earned less value than planned at this point in the schedule.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is earned value (EV) and how is it calculated?
Open an interactive chat with Bash
What does planned value (PV) represent in project management?
Open an interactive chat with Bash
What is schedule variance (SV) and what does a negative value indicate?
Open an interactive chat with Bash
CAPM
Predictive, Plan-Based Methodologies
Your Score:
Report Issue
Bash, the Crucial Exams Chat Bot
AI Bot
Loading...
Loading...
Loading...
Project Management Package Join Premium for Full Access