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Variance Analysis | Schedule Variance | PMBOK | PMP 2025 #pmp, #pmbok, #pmbok7, #projectmanagement, #pmptraining, #ScheduleVariance, #VarianceAnalysis, #EarnedValueManagement, #PlannedValue, #EarnedValue, #ProjectSchedule, #PerformanceTracking, #SchedulePerformance, #ProjectMonitoring, #TimeManagement, #ScheduleControl, #EVMAnalysis, #SVFormula, #ProjectPerformance, #TimeVariance, #ProjectMetrics, #ProjectDelays, #OnTimeDelivery, #ScheduleEfficiency, #ScheduleTracking Variance Analysis, particularly Schedule Variance (SV), is a core concept in project performance measurement that helps project managers understand whether a project is ahead of schedule, on time, or delayed. Schedule Variance is calculated using the formula SV = EV - PV, where EV stands for Earned Value and PV stands for Planned Value. A positive SV indicates the project is ahead of schedule, a negative SV means it’s behind, and a zero value suggests it’s on track. This metric provides a clear, numeric view of schedule performance, enabling teams to identify and correct delays early in the project. By interpreting SV in the context of overall project planning and progress, project managers gain insights into how effectively the team is executing the work within the allotted timeframe. Schedule Variance doesn’t just highlight performance gaps—it drives timely corrective actions and improved time management across the board. Related Videos: Need & Usage of Project Charter: • PMP Lecture No.99: Need & Usage of Project... Develop Project Charter Process – Outputs: • PMP Lecture No.97: Develop Project Charter... Develop Project Charter Process - Tools & Techniques: • PMP Lecture No. 96: Develop Project Charte... Develop Project Charter Process – Inputs: • PMP Lecture No. 95: Develop Project Charte... What is Project Charter and Develop Project Charter Process: • PMP Lecture No. 94: What is Project Charte... 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