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Project Management Professional · PMI
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- Schedule Variance (SV) = EV - PV = $180,000 - $200,000 = -$20,000. A negative SV indicates the project is behind schedule. The project has earned only $180,000 worth of work against $200,000 that was planned. Note: Cost Variance (CV) = EV - AC = $180,000 - $210,000 = -$30,000 (also over budget).