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GATE 2024 CE (CE2) – Question 19

Construction Management · Project updating and monitoring · 1 mark · Multiple choice

Consider the following data for a project of 300 days duration.
Budgeted Cost of Work Scheduled (BCWS) = Rs. 200
Budgeted Cost of Work Performed (BCWP) = Rs. 150
Actual Cost of Work Performed (ACWP) = Rs. 190

The 'schedule variance' for the project is

  1. (−)Rs. 50
  2. (−)50 days
  3. (+)Rs. 50
  4. (+)50 days

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Correct answer: (A) (−)Rs. 50

Explanation

In earned value analysis, the schedule variance is $SV = BCWP - BCWS = 150 - 200 = -\text{Rs. } 50$. It is expressed in money, and it is negative, so the project is behind schedule.