To determine schedule variance you compare budgeted cost of work schedule to Budgeted cost of work ___?

To determine schedule variance you compare budgeted cost of work schedule to Budgeted cost of work ___?

• A. actual
• B. performed
• C. planned
• D. earned

Answer: (B)

Schedule variance shows how far the actual progress deviates from the planned progress in budget terms, using two key figures: Budgeted Cost of Work Schedule (planned value) and Budgeted Cost of Work Performed (the value of work actually completed). The proper completion of the phrase is “performed,” because the comparison is between the budgeted cost of work that was scheduled to be done and the budgeted cost of work that has actually been completed (the earned value). The formula is SV = BCWP − BCWS; a positive result means the project is ahead of schedule, a negative result means it’s behind. The other terms don’t fit this specific pairing: the actual cost is used for cost variance, the planned value is the first term already, and while earned value is related, the standard label for the second element is “performed.”

Schedule variance shows how far the actual progress deviates from the planned progress in budget terms, using two key figures: Budgeted Cost of Work Schedule (planned value) and Budgeted Cost of Work Performed (the value of work actually completed). The proper completion of the phrase is “performed,” because the comparison is between the budgeted cost of work that was scheduled to be done and the budgeted cost of work that has actually been completed (the earned value). The formula is SV = BCWP − BCWS; a positive result means the project is ahead of schedule, a negative result means it’s behind. The other terms don’t fit this specific pairing: the actual cost is used for cost variance, the planned value is the first term already, and while earned value is related, the standard label for the second element is “performed.”