CAPM Practice: Demonstrate an understanding of a project management plan schedule

SV = EV - PV = $200,000 - $250,000 = -$50,000. Negative SV means the project accomplished $50,000 less work than planned. The project is behind schedule. Note that SV does not require knowing AC — schedule variance is purely about planned work value vs. accomplished work value.

**Why not A:** This answer confuses Earned Value (EV) with Schedule Variance (SV). SV is the difference between EV and PV, not the EV value itself. Additionally, EV represents the value of work accomplished, not the amount spent — that would be Actual Cost (AC).

**Why not B:** A positive SV of +$50,000 would mean the project is ahead of schedule, but the calculation is wrong. SV = EV - PV = $200,000 - $250,000 = -$50,000, which is negative, indicating the project is behind schedule, not ahead.

**Why not C:** Schedule Variance does not require Actual Cost (AC) to calculate. SV = EV - PV uses only Earned Value and Planned Value. Cost Variance (CV = EV - AC) is the metric that requires AC. This is a common misconception that conflates schedule and cost variance formulas.