Schedule Variance — PMI CAPM Practice Questions
Schedule variance (SV) is an earned value management metric calculated as Earned Value minus Planned Value, indicating whether a project is ahead of or behind its planned schedule. A negative SV means the project is behind schedule, while a positive SV indicates the project is ahead. The CAPM exam tests candidates on interpreting SV alongside related metrics like Schedule Performance Index (SPI) to assess project health and recommend corrective actions. Understanding this formula and its implications is critical for questions involving project performance measurement and forecasting.
Free questions on schedule variance
A project manager is managing a software development project. The team has completed 60% of the deliverables but is 20% behind schedule. The project sponsor is demanding to know the current status. What should the project manager do?
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More schedule variance questions in the full bank
- If a project is behind schedule but within budget, what does this indicate? Unlock answer & explanation →
- How is Schedule Variance calculated? Unlock answer & explanation →
- If a project has Planned Value of $500K, Earned Value of $400K, and Actual Cost of $450K, what is the status? Unlock answer & explanation →