The schedule variance (SV) compares the value of work completed (EV) with the actual cost (AC) at a given point in time. True or false?

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The schedule variance (SV) compares the value of work completed (EV) with the actual cost (AC) at a given point in time. True or false?

FalseCorrect. The schedule variance (SV) is calculated by subtracting the planned value (PV) from the earned value (EV). The formula is SV = EV − PV.