A project manager needs to determine the schedule variance (SV). The project manager's latest schedule indicates 14 units of work completed against a plan of 23 units.
The formula is SV=EV-PV. If the schedule variance is positive, the project is ahead of schedule. If it is negative, the project is behind schedule.
So the answer is D -9
The correct answer is: C. 9
Here's how to calculate the Schedule Variance (SV):
SV = Planned Value (PV) - Earned Value (EV)
We can determine the Earned Value (EV) from the information given:
EV = Units of work completed = 14
The Planned Value (PV) is based on the project schedule:
PV = Planned units of work = 23
Now, let's plug these values into the formula:
SV = 23 (PV) - 14 (EV) = 9
Therefore, the Schedule Variance (SV) is 9 units.
Interpretation:
A positive SV (9) indicates the project is behind schedule. The project has completed 9 units less work than what was planned for this stage of the project.
EV = 14
PV = 23
SV = EV - PV
SV = 14 - 23
= -9 , behind schedule. Less work’s been completed than planned by this point in time
Negative SV means behind schedule, positive means ahead.
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