What does a schedule variance (SV) of greater than zero mean?
A.
the project is behind schedule
B.
the project is below budget
C.
the project is above budget
D.
the project is ahead of schedule
E.
the project is neither behind nor below schedule
Explanation:
A value of less than zero means the project is behind schedule.
And a value greater than zero means the project is ahead of schedule.
(A value of zero means the project is exactly on schedule but this is very rare).
Note: Schedule Variance shows if there are any variations in the schedule of the project.
Schedule Variance is calculated as follows:
Schedule Variance = Earned Value – Planned Value