Question

In earned value management, schedule variance is defined as:

A. The difference between the earned value and the actual cost.
B. The difference between the actual cost and the planned value.
C. The difference between the earned value and the planned value.
D. The difference between the cost and schedule performance indices multiplied by the budgeted cost at completion.

Answer 1

Answer:

C) The difference between the earned value and the planned value

Explanation:

In earned value management, the schedule variance is the case which helps to specify and make exact if you are ahead of the schedule or just the behind and also what is the quantity of this being ahead or behind.

The formula for that is: SV=EV-PV  

SV- Scheduled Variance

EV-Earned Value

PV-Planned Value

The formula above may be converted in other types because of cost, percentages but the result will be identical.