Definition:
Schedule Variance at Completion (SVAC) represents the projected difference between the earned value (EV) and the planned value (PV) at project completion. It indicates whether the project is expected to be ahead or behind schedule based on the current performance. A positive SVAC indicates schedule savings, while a negative SVAC suggests schedule delays. SVAC helps in assessing the overall schedule performance of the project.
Calculation: SVAC = BAC - EV
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