Schedule variance
Earned Value Management Handbook, Published by the Association for Project Management in March 2013 suggests that schedule variance (SV) is: ‘…the cost comparison of what has been earned with what was budgeted. It measures the difference in value between the work planned and the work actually accomplished’
Schedule Variance (SV) = Budgeted Cost of Work Performed (BCWP) – Budgeted Cost of Work Scheduled (BCWS)
Or:
SV% = (SV/BCWS) x 100
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