PMP Formula of the Week: SV of 338

If your project has an SV of 338. What does that indicate?

A. You are 338 percent ahead of schedule
B. You are 338 percent behind schedule
C. You are ahead of schedule
D. You are behind schedule

Reveal Answer

The correct answer is C.

The SV (schedule variance) indicates whether the project is ahead or behind schedule, with a positive value indicating ahead and a negative value indicating behind. Remember it as positive equals good.

The SPI is expressed as a percentage.

 

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PMP Formula of the Week Series

• PMP Formula of the Week: Forecasting a Necessary CPI
• PMP Formula of the Week: Forecasting a Necessary CPI Based on an ETC
• PMP Formula of the Week: Ahead or Behind Schedule
• PMP Formula of the Week: Point of Total Assumption
• PMP Formula of the Week: Rent, Lease or Buy?
• PMP Formula of the Week: Risky Task
• PMP Formula of the Week: Earned Value Management Methodology
• PMP Formula of the Week: Schedule Performance Index of 1
• PMP Formula of the Week: TCPI
• PMP Formula of the Week: Fixed-Price Incentive Fee Contract
• PMP Formula of the Week: S-Curve
• PMP Formula of the Week: Current Project Status
• PMP Formula of the Week: Project Schedule Information
• PMP Formula of the Week: Random Defective Article
• PMP Formula of the Week: Confidence Level
• PMP Formula of the Week: EV?
• PMP Formula of the Week: What is BAC?
• PMP Formula of the Week: CPI of 1.0
• PMP Formula of the Week: Product Manufacturing Choice
• PMP Formula of the Week: SV of 338

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