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Project Management & Agile · Foundational

Schedule Variance (SV)

Measure of schedule performance: SV = EV - PV.

Definition

Negative SV means behind schedule. Dollar-based SV converges to zero at project completion even if the project was late, a limitation addressed by earned schedule.

Example

EV $30k, PV $40k: SV = -$10k (behind schedule).

Exam tip

SV is expressed in currency, not time units.

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