Schedule Variance Calculation - PK0-004 Exam Answer

A.

In project management, Schedule Variance (SV) is a measure of the difference between the Planned Value (PV) and the Earned Value (EV). The formula for Schedule Variance (SV) is:

SV = EV - PV

Where:

• PV is the planned value (also known as Budgeted Cost of Work Scheduled or BCWS), which represents the authorized budget assigned to the scheduled work for an activity or a work breakdown structure component.
• EV is the earned value (also known as Budgeted Cost of Work Performed or BCWP), which represents the value of the work actually completed.
• AC is the actual cost (also known as Actual Cost of Work Performed or ACWP), which represents the actual cost incurred in completing the work.

Given:

• PV = 100,000
• EV = 20,000
• AC = 90,000

We can calculate the Schedule Variance (SV) as:

SV = EV - PV SV = 20,000 - 100,000 SV = -80,000

Therefore, the answer is A. -80,000.

This means that the project is behind schedule by $80,000 as the earned value (EV) is less than the planned value (PV) by $80,000.