EVM Contract Performance – Schedule Variance

by Humphreys & Associates on May 2, 2022 last modified October 5, 2023

Project managers always have to juggle multiple projects, and keeping on top of contract performance is one of their most important tasks. Deviation from the agreed-upon schedule can have major implications for the project as a whole. This video describes how to calculate Schedule Variance using a real-world example.

Schedule Variance may be calculated as part of a Variance Analysis Report or while monitoring an existing contract’s performance.

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If you liked this video you can purchase the entire course below. This video is an excerpt from the Department of Defense (DOD) version of this eLearning module. We also offer the same EVM training course customized for the Department of Energy’s (DOE) specific Earned Value Management (EVM) implementation/requirements, as well as a version of the course customized for NASA’s EVM implementation/requirements.  

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EVMS Document Matrix

Not sure what the different requirements are between the DOE and NASA? Can’t remember if Cost and Software Data Reporting (CSDR) is required for an NSA contract? Check out our easy to read Earned Value Management Systems Document Matrix

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EVM training sessions are offered throughout the year by H&A. EVMS, advanced Earned Value Management techniques, and project scheduling are all covered during these frequent public EVM workshops. These earned value education courses are ideal for anybody wanting to increase their understanding of or application of EVMS or scheduling. Our training programs are suited for individuals with various degrees.

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