Schedule Variance Calculator

Calculate Schedule Variance



Formula

The formula to calculate the Schedule Variance (SV) is:

\[ SV = BCWP - BCWS \]

Where:

Schedule Variance Definition

Schedule variance is defined as the difference between the budgeted cost of work already performed and the budgeted cost of work expected to have been completed at this point in a project.

Example Calculation

Let's consider an example:

Using the formula to calculate the Schedule Variance:

\[ SV = 10000 - 8000 = 2000 \, \text{\$} \]

This demonstrates that with a BCWP of $10,000 and a BCWS of $8,000, the schedule variance would be $2,000.