At a city pier rehabilitation, earned value for planned pier-deck work is lower than the planned value for the same date. How should the associate interpret schedule variance?
Select an answer to reveal the explanation.
Short Explanation
If the pier has earned less progress than the plan said you should have by today, you are behind—simple as a delivery truck that should have been halfway across town and is not. That gap is negative schedule variance.
Full Explanation
Schedule variance compares earned value to planned value (SV = EV − PV). When EV is less than PV, SV is negative and the project is behind the schedule baseline for work performed to date. CAPM-level interpretation focuses on that ahead/behind signal rather than advanced forecasting math.