If SV is less than zero, what does it indicate about the project?

If SV is less than zero, what does it indicate about the project?

• A. Project is on track as planned
• B. Project is behind the schedule
• C. Project is on ahead of schedule
• D. Project is on good shape

Answer: (B)

Schedule variance shows whether the work done matches the planned progress. It’s earned value minus planned value. When this value is negative, the earned value is less than what was planned to be completed by now, so the project is behind schedule. For example, if you planned $200 of work to be completed but only $180 has been earned, SV = -$20, indicating a delay. Positive SV means ahead of schedule, and zero means on schedule.

Schedule variance shows whether the work done matches the planned progress. It’s earned value minus planned value. When this value is negative, the earned value is less than what was planned to be completed by now, so the project is behind schedule. For example, if you planned $200 of work to be completed but only $180 has been earned, SV = -$20, indicating a delay. Positive SV means ahead of schedule, and zero means on schedule.