Difficulty: Hard

Average Score: 49%

A project manager seeks to determine the schedule whether (SV), the project manager's latest schedule indicate 14 units of work completed against a plan of 23 units.

What is the SV?

Rationale

Schedule Variance (SV) is -9.

Schedule Variance (SV) is calculated by subtracting the planned value from the earned value, which in this case is 14 (earned) - 23 (planned), resulting in -9. A negative SV indicates that the project is behind schedule.

A (-9) CORRECT

This choice accurately reflects the calculation of SV, which is derived from the formula SV = EV - PV. With an earned value (EV) of 14 and a planned value (PV) of 23, the calculation yields -9, indicating the project has not met its scheduled progress.

B (9) YOUR ANSWER

This choice misrepresents the Schedule Variance formula. A positive 9 would imply that the project has exceeded its planned value, which contradicts the actual values provided. Since the earned value is less than the planned value, SV cannot be positive.

C (322) YOUR ANSWER

This choice is incorrect as it does not relate to the calculation of Schedule Variance. The number 322 does not pertain to either the earned or planned values given in the question, making it irrelevant and incorrect.

D (37) YOUR ANSWER

This choice also does not correspond to the correct calculation of SV. A value of 37 suggests a significant deviation that is not present in the provided project status, as it does not logically follow from the earned and planned values.

Conclusion

Schedule Variance (SV) is a critical metric in project management for assessing progress against the planned schedule. In this scenario, the calculation reveals an SV of -9, signaling that the project is behind schedule by 9 units of work. Understanding SV enables project managers to make informed decisions to address delays and realign project timelines effectively.

What is the SV?

Schedule Variance (SV) is -9.

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