Della works as a Project Manager for BlueWell Inc. A number of projects are running under her
guidance. You, being a team leader of a project, provide Della the performance indexes of your
project. The schedule variance (SV) of your project is zero. What does this figure depict?

A.
Project is right on target.

B.
Project is ahead of the schedule.

C.
Project is behind the schedule.

D.
Costs are higher than planned.

Explanation:
According to the question, the schedule variance (SV) of the project is zero. A value of 0 indicates
that the project is right on target. Schedule variance (SV) is a measure of schedule performance
on a project. The variance notifies that the schedule is ahead or behind what was planned for this
period in time. The schedule variance is calculated based on the following formula: SV = Earned
Value (EV) – Planned Value (PV) If the resulting schedule is negative, it indicates that the project is
behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule.
A value of 0 indicates that the project is right on target.
Answer option C is incorrect. The negative SV means that project is behind the schedule.
Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the
project.
Answer option B is incorrect. The positive SV depicts that the project is ahead of the planned
schedule.