The Schedule Variance is a measure of the schedule performance of a project. Formula to calculate the Schedule Variance
Schedule Variance = Earned Value Planned Value or , SV = EV PV
· If the Schedule Variance is positive, you are ahead of schedule.
· If the Schedule Variance is negative, you are behind schedule.
· When the project is completed, Schedule Variance becomes zero because at the end of the project, all the Planned Value has been earned.
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