You work as a Project Manager for Media Perfect Inc.

According to the question, the schedule variance (SV) of the project is 25, which is a positive value. The positive SV depicts that the project is ahead of the planned schedule. What is SV? Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula: SV = Earned Value (EV) - Planned Value (PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.

Answer option A is incorrect. The negative SV means that project is behind the schedule.

Answer option C is incorrect. The zero SV means that project is right on target.

Answer option B is incorrect. This result can be drawn by looking at the cost variance (CV) of the project. What is CV? Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher than budgeted or lower than budgeted. The cost variance is calculated based on the following formula: CV = Earned Value (EV) - Actual Cost (AC) A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project.