CAPM (Certified Associate in Project Management) Practice Exam

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How is schedule variance calculated?

  1. SV = PV - EV

  2. SV = EV/PV

  3. SV = EV - PV

  4. SV = PV/EV

The correct answer is: SV = EV - PV

The correct formula for schedule variance (SV) is EV - PV. This is because SV measures the difference between the earned value (EV), or the actual value of the work completed, and the planned value (PV), or the budgeted cost for the completed work. Option A (SV = PV - EV) has the values in the formula reversed, giving the wrong result. Option B (SV = EV/PV) and D (SV = PV/EV) use a division instead of subtraction, which would not accurately measure the difference between EV and PV. Therefore, C is the correct answer.

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