CompTIA Project+ (PK0-005)Project Life Cycle PhasesHard
At the status date, a project's Planned Value (PV) is $15,000 and Earned Value (EV) is $12,000. What does the resulting Schedule Variance (SV) indicate about the project?
- ASV = +$27,000; the project is ahead of schedule
- BSV = +$3,000; the project is ahead of schedule
- CSV = -$27,000; the project is significantly behind schedule
- DSV = -$3,000; the project is behind schedule
Show answer & explanationAnswer & explanation
Correct answer: D. SV = -$3,000; the project is behind schedule
Schedule Variance is calculated as SV = EV - PV = $12,000 - $15,000 = -$3,000. A negative SV means less work has been completed than planned at this point, indicating the project is behind schedule.
Why the other options are wrong
- A. This reverses the correct sign and calculation method.
- B. Incorrect sign; EV minus PV yields a negative result, not positive.
- C. This incorrectly adds PV and EV instead of subtracting them.
Schedule Variance (SV)
An earned value metric calculated as EV minus PV, indicating whether a project is ahead of, on, or behind schedule.
- Formula: SV = EV - PV
- Negative SV = behind schedule
- Positive SV = ahead of schedule; zero = on schedule
Memory trick: SV = 'Earned minus Planned' — negative means you're lagging