What is Schedule Variance?
Schedule Variance in short (SV) is a measure of schedule performance expressed as the difference between the earned value and the planned value.
Formula used to calculate SV = EV – PV
The amount by which the project is ahead or behind the planned delivery date, at a given point in time, expressed as the difference between the earned value and the planned value.
The difference between the work completed to a point in time, usually the data date, and the work planned to be completed to the same point in time
Before you calculate make sure to find out what is the Earned Value and Planned value 🙂
Schedule Variance Calculator
Schedule Variance (SV):
To conclude, Schedule variance helps us see if we are on track with our plans or if we need to work a little bit faster to catch up. It helps us understand if we are doing things as we planned or if we need to make some changes to finish our work on time.
I hope you find this calculator useful and enjoy using it. Additionally, feel free to explore other tools and resources available to further enhance your project management experience.