ExpertMedium1 markMultiple Choice
PMP · Question 103 · Task 6: Plan and manage schedule
A project manager is leading a project to build a new factory. The project is using a predictive lifecycle. The PM wants to ensure that the project is on schedule. The PM calculates the Schedule Variance (SV). SV = EV - PV. The SV is -$10,000. What does this mean?
A project manager is leading a project to build a new factory. The project is using a predictive lifecycle. The PM wants to ensure that the project is on schedule. The PM calculates the Schedule Variance (SV). SV = EV - PV. The SV is -$10,000. What does this mean?
Answer options:
A.
The project is ahead of schedule.
B.
The project is behind schedule.
C.
The project is over budget.
D.
The project is under budget.
How to approach this question
SV < 0 = Behind.
Full Answer
B.The project is behind schedule.✓ Correct
Task 6 (Schedule). SV measures schedule performance in currency. Negative means you accomplished less value than planned by that date.
Common mistakes
Thinking SV is about cost because it has a $ sign. It's about 'Value of work done' vs 'Value of work planned'.
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