Within earned value analysis, the SV (earned value schedule variance) field is calculated as BCWP - BCWS. It is the difference in cost terms between how much work should have been achieved up to the status date or the current date and how much work has been achieved. A positive SV value indicates that progress against the task, summary task, project or resource is ahead of the baseline schedule. A negative SV value indicates a schedule slippage. See also SPI.
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Microsoft Project® Fields, Terms and Definitions
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