If SV is less than zero, what does it indicate about the project?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Become proficient in Construction Management. Study with flashcards and multiple choice questions, each question is detailed with hints and explanations. Excel in your exam!

Multiple Choice

If SV is less than zero, what does it indicate about the project?

Explanation:
Schedule variance shows whether the work done matches the planned progress. It’s earned value minus planned value. When this value is negative, the earned value is less than what was planned to be completed by now, so the project is behind schedule. For example, if you planned $200 of work to be completed but only $180 has been earned, SV = -$20, indicating a delay. Positive SV means ahead of schedule, and zero means on schedule.

Schedule variance shows whether the work done matches the planned progress. It’s earned value minus planned value. When this value is negative, the earned value is less than what was planned to be completed by now, so the project is behind schedule. For example, if you planned $200 of work to be completed but only $180 has been earned, SV = -$20, indicating a delay. Positive SV means ahead of schedule, and zero means on schedule.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy