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How to calculate Schedule variance

The Schedule variance formula, with plain worked examples you can check yourself.

Schedule variance = EV − PV

Worked examples

EV = 700 · PV = 600Schedule variance = 100
EV = 950 · PV = 800Schedule variance = 150
EV = 450 · PV = 400Schedule variance = 50

How to use it

  1. Write down the values for each letter in the formula.
  2. Do the brackets first, then divide or multiply.
  3. Check the units before you compare results.
  4. Compare the answer with last period or with a competitor to see if it is good or bad.

This formula belongs to Strategy & Decisions.

Related terms

VarianceSWOT analysisKPIStakeholderOpportunity costSunk cost

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