A project's earned value (EV) is $80,000, and its planned value (PV) is $100,000. Based on these values, how is the project performing relative to its schedule?
To determine the project's schedule performance, calculate the schedule variance using the formula SV = EV - PV. Here, SV = $80,000 - $100,000 = -$20,000. A negative schedule variance means the project is behind schedule because it has earned less value than planned at this point in the schedule.
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Predictive, Plan-Based Methodologies
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