Schedule Variance (SV)

Correct Answer: The project is recovering from earlier delays but still remains behind schedule

A consistently decreasing negative Schedule Variance (SV) indicates improvement in schedule performance, even though the project is still behind schedule. When SV is negative, it means the project is behind schedule. However, if this negative value is consistently decreasing (getting closer to zero), it shows the project is catching up and reducing the gap between planned and actual progress. This is like running a race where you started late - you're still behind (negative SV) but gradually catching up (decreasing negative value). The other options are incorrect because: - A progressively worsening schedule delay would show an increasing negative SV, not decreasing - Optimal schedule performance would show an SV close to zero, not negative - Schedule delays stabilizing would show a constant negative SV, not a decreasing one A decreasing negative SV is a positive trend indicating recovery, though the project hasn't fully caught up to the baseline schedule yet.

Correct Answer: SPI = 1.05, indicating the project is ahead of schedule

A positive Schedule Variance (SV) of $10,000 indicates that the project is ahead of schedule, as the Earned Value is greater than the Planned Value. The SPI formula is: SPI = EV/PV When SV is positive, SPI will be greater than 1.0, showing that work is being completed faster than planned. An SPI of 1.05 correctly aligns with the positive SV of $10,000, indicating the project is performing well from a schedule perspective. The other options are incorrect because: - An SPI of 0.95 would indicate the project is behind schedule - An SPI of 1.00 would indicate the project is exactly on schedule - An SPI of 0.90 would indicate significant schedule delays Since we have a positive SV, the SPI must be greater than 1.0, making 1.05 the logical and mathematically consistent choice.

Correct Answer: The project's schedule performance is experiencing fluctuating recovery and decline phases

Schedule Variance (SV) pattern analysis: 1. First period: -$8,000 2. Second period: -$12,000 (worsening by -$4,000) 3. Third period: -$5,000 (improving by +$7,000) This pattern clearly shows fluctuation: - Initial negative value - Further decline in performance - Followed by significant improvement This demonstrates alternating phases of decline and recovery in schedule performance. The project is not showing steady improvement, as the middle period got worse before getting better. The other answers are incorrect because: - A pattern showing continuous improvement would need consistently increasing SV values - There is no steady decline as the values fluctuate significantly - The data only shows schedule variance and does not provide information about resource optimization or efficiency