Calculate the schedule variance, if:
- Earned value: 500.
- Actual costs: 450.
- Planned value: 700.

A –200

explanation

The formula to calculate schedule variance is (SV = EV – PV), where:
SV: schedule variance.
EV: earn value.
PV:planned value.
Plug in the provided information, we have: $500 – $700 = –$200.
A negative schedule variance indicates that the project is behind schedule.