Certified Associate in Project Management (CAPM) — Question 259

What is the definition of schedule variance?

Answer options

• A. A measure of the cost variation magnitude to the original cost baseline
• B. A measure of schedule performance between the eared value (EV) and the planned value (PV)
• C. The amount of budget deficit, expressed as the difference between earned value (EV) and the actual cost (AC)
• D. A measure of schedule efficiency expressed as the ratio of earned value (EV) to planned value (PV)

Correct answer: B

Explanation

The correct answer, B, accurately describes schedule variance as it assesses performance by comparing earned value (EV) with planned value (PV). Option A refers to cost variance, while option C describes the budget deficit, and option D discusses schedule efficiency, making them incorrect in the context of schedule variance.