Question

You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value and actual value. That means the project is _____ schedule and _____ budget.

Select an answer:

• behind; under

• ahead of; under

• ahead of: over

• behind; over

Answer 1

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Answer:

• Option 2: Ahead of; under

Explanation:

• Since the earned value is higher than the planned value, this means the project has achieved a value more than what was planned for that duration, hence it is ahead of schedule.
• Similarly, when the earned value is higher than the actual value, this means the project has spent a lesser amount for a particular quantity of work than the budgeted amount for the similar quantity of work, hence it is under budget.

Note: Please rate the answer (upvote) and do ask if any doubt is there.