A grants office tracks a milestone packet with earned value and planned value figures. Which statement correctly describes schedule variance at CAPM depth?
Select an answer to reveal the explanation.
Short Explanation
Schedule variance is a simple scoreboard: earned progress minus what the plan said you should have earned by now. If the grant packet is behind that plan line, SV is negative—no need to invent a different formula.
Full Explanation
At associate depth, SV = EV − PV. The sign indicates whether earned work is ahead of or behind planned progress. Confusing SV with cost formulas or reserve accounting mixes control metrics and leads to wrong status calls.