Question

In a computer CV is equal to or greater than PV,then

Answer 1

Schedule Variance = Earned Value – Planned Value

SV = EV – PV

From the above formula, we can conclude that:

• You are ahead of schedule if the Schedule Variance is positive.
• You are behind schedule if the Schedule Variance is negative.
• You are on schedule if the Schedule Variance is zero.

Answer 2

Answer:

SV = EV – PV. From the above formula, we can conclude that: You are ahead of schedule if the Schedule Variance is ..

Explanation:

Cost Variance is lower than Schedule Variance; i.e. CV < SV EV - PV < EV - AC - PV < - AC AC < PV It means that Actual Cost is less than the Planned Cost. Now we can say that, project is behind the schedule or taking longer time than than expected and actual costs were lower than the planned cost.