monetary difference between the current progress and the baseline

[ks2008]

Dear All,
Review the question below.

I though the correct answer is "CV". In fact the correct answer is "SV"
May be I don't understand the question.
Could you you explain what we mean by, "monetary difference between the
current progress and the baseline plan of a particular task based on cost" ?

Thanks
KS


Question:
============
You are working on a project in MS Project. You want to view the exact
monetary difference between the current progress and the baseline plan of a
particular task based on cost.
Which earned value field should you use to view the required details ?

 

[Ammar Al-Saket]

Hi KS,
Think about it like that; if you perform a task and it costs you the same
amount as budgeted then the Cost Variance (CV) is zero, however, if it was
performed later than scheduled (say one week late), then Schedule Variance
(SV) is the monetary value of the time delay (in this case one week).
Remember that (SV=BCWP−BCWS). the question you mentioned is asking about the
value of "Progress difference" not about the value of "Cost difference"
Hope that helps

A. Al-Saket