Schedule Variance (SV) is the schedule performance analysis on the programme that is the mathematical difference between the scheduled completion of an activity and the actual completion of that activity. SV (Schedule Variance) = EV (Earned Value) - PV (Planned Value). A positive value means a favourable condition, while a negative value is unfavourable.
Related Definitions in the Project: The Project Schedule; EVM (Earned Value Management); Project Controls
