What is a schedule variance?
A)The budgeted cost of work performed during a specific time period (BCWP)
B)The budgeted cost of work scheduled during a specific time period (BCWS)
C)The difference between the budged cost of work performed and the budget cost of work scheduled for a specific time period (BCWP-BCWS)
D)The amount of time by which a project is behind schedule when no slack exists in the schedule budget
E)The difference between the money spent and the money projected to be spent on a project

Question

Quizplus · Accepted Answer

Schedule variance is the difference between the budged cost of work performed and the budget cost of work scheduled for a specific time period (BCWP-BCWS). This indicates the deviation from the planned schedule and helps project managers to identify delays or potential issues that could impact the project timeline.

What Is a Schedule Variance