If your project has an SV of 338. What does that indicate?
A. You are 338 percent ahead of schedule
B. You are 338 percent behind schedule
C. You are ahead of schedule
D. You are behind schedule
The correct answer is C.
The SV (schedule variance) indicates whether the project is ahead or behind schedule, with a positive value indicating ahead and a negative value indicating behind. Remember it as positive equals good.
The SPI is expressed as a percentage.