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

Quizplus · Accepted Answer

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

Use This Earned Schedule Table to Determine the Schedule Variance