CAPM (Certified Associate in Project Management) Practice Exam

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How is Schedule Variance (SV) calculated?

  1. SV = PV - EV

  2. SV = EV - PV

  3. SV = AC - PV

  4. SV = PV + EV

The correct answer is: SV = EV - PV

Schedule Variance (SV) is calculated by subtracting the Planned Value (PV) from the Earned Value (EV). This calculation helps in determining whether a project is ahead of or behind the planned schedule at a specific point in time. In this case, SV = EV - PV is the correct formula. Option A (SV = PV - EV) is incorrect as it would result in a negative value, which does not accurately represent schedule variance. Option C (SV = AC - PV) involves comparing the Actual Cost (AC) with the Planned Value (PV) and is related to Cost Variance, not Schedule Variance. Option D (SV = PV + EV) is also incorrect because adding PV to EV does not provide an accurate representation of the variance between the planned and earned values in the schedule.

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