International Business Management

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Schedule Variance: A Monetary Value to Determine Time Variancein Construction Project

Waldevique Franco Borges Jr
Page: 244-252 | Received 21 Sep 2022, Published online: 21 Sep 2022

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Abstract

Earned Value Management (EVM) is a performance measurement method to control projects that allows for the integration of scope, schedule and cost. The objective of this study is to demonstrate that deliberate schedules to guide the implementation of engineering research can be calculated and controlled through EVM techniques. First, the study will explain the main concepts and equationsused to verify the progress of the research andto calculate performance indexes. It will mathematicallydemonstrate that the monetary value obtainedfromcalculating the difference between the Earned Value (EV) and Planned Value (PV) provides a Schedule Variance (SV) that is not easilyevident. In addition, the study will demonstrate that calculating a monetary value using the difference between EV and Actual Cost (AC) provides a more evident metric, referred to as Cost Variance (CV).

How to cite this article:

Waldevique Franco Borges Jr. Schedule Variance: A Monetary Value to Determine Time Variancein Construction Project.
DOI: https://doi.org/10.36478/ibm.2018.244.252
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2018.244.252