Schedule Variance (SV)

Schedule Variance status does indicate the dollar value difference between work that is ahead or behind the plan and reflects a given measurement method.

Schedule Variance status does not address impact of work sequence.

The formula utilized to express schedule variance is project earned value minus the project planned value as of the date of examination.

*VERY IMPORTANT*

(SV = EV – PV) If the variance is equal to 0, the project is on schedule.

If a negative variance is determined, the project is behind schedule and if the variance is positive the project is ahead of schedule.