Schedule Variance: Definition, Formula & Calculation


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question 1 of 3

What is the formula for schedule variance?

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1. If the earned value is $50,000 and the planned value is $40,000, what is the schedule variance?

2. What is the formula for finding the percentage of schedule variance?

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About This Quiz & Worksheet

You'll be quizzed on subjects relevant the calculation for scheduling variance. Primarily, these questions will come in the form of practice problems.

Quiz & Worksheet Goals

You will be asked to demonstrate your knowledge of:

  • The formula for schedule variance
  • Earned and planned values
  • The formula for finding the percentage of schedule variance

Skills Practiced

  • Problem solving - use acquired knowledge to solve schedule variance practice problems
  • Interpreting information - verify that you can read information about the relationship between the earned and planned value and interpret it correctly
  • Information recall- access the knowledge you've gained regarding the relevant formulas

Additional Learning

You can keep learning about these concepts by reading our corresponding lesson by the name, Schedule Variance: Definition, Formula & Calculation. This lesson will go over:

  • Uses for schedule variance
  • Examples for schedule variance
  • Where to plug numbers into the formula