Use this earned schedule table to determine the schedule variance ($)for this project at the end of Month 6. $$\begin{array} { | l | l | l | l | l | l | l | l | }
\hline & \text { Month 1 } & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month 6 } & \text { Month } 7 \
\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \
\hline \text { EV (\$) } & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0 \
\hline
\end{array}$$
A)-$1,460
B)-$865
C)$865
D)$2325

Question

Use this earned schedule table to determine the schedule variance ($)for this project at the end of Month 6. $$\begin{array} { | l | l | l | l | l | l | l | l | } 
\hline & \text { Month 1 } & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month 6 } & \text { Month } 7 \
\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \
\hline \text { EV (\$) } & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0 \
\hline
\end{array}$$
A)-$1,460
B)-$865
C)$865
D)$2325

Quizplus · Accepted Answer

Schedule Variance (SV) = EV - PV. At the end of Month 6, EV = $865 and PV = $2,325. Therefore, SV = $865 - $2,325 = -$1,460.

Use This Earned Schedule Table to Determine the Schedule Variance