The comparison of Earned Value with Earned Schedule

1. Earned Value View of Schedule Variance (SV) BCWS ACWP BCWP In EV terms “we’re late” by this much – SV – measured in $’s Today we “earned” this much BCWP, compared to our planned BCWS

2. Earned Schedule View of Schedule Variance (SV) BCWS ACWP In ES terms “we’re late by this much, measured in Time BCWP Today is when we actually “earned” the planned BCWP, that we planned to “earn” in the past A date in the past when we had planned to “earn” the current BCWP