Project managers are a vital part of any organizational structure, and

they are in charge of tasks across every aspect of a business. They

have to handle the budget, schedule meetings and work, manage people,

among many other things.



If we had to define a project manager's responsibilities in one

sentence, the project manager would make sure that work is completed

within the designated time frame and within budget. However, they

aren't masterminds to know how long the project will last or fall

behind.



For this purpose, they rely on a powerful calculation that measures

and evaluates project progress called schedule variance. So, whether

you are preparing for your PMP exam or you are in the process of

controlling the schedule of your project, at some point, you will be

more likely to use schedule variance (SV).



If you're encountering this term for the first time, you must be

wondering what schedule variance is. SV is a term used to describe the

difference between earned value (EV) and ...