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:A. behind; underB. ahead of; underC. ahead of: overD. behind; over

Answer 1

Answer:

Ahead of schedule and under the budget.

Explanation:

Earned value analysis (EVA) or Earned value management (EVM) is the technique used to track project status and evaluate the project´s progress report. These analysis been on camparing the earned value with actual cost and planned value.

Planned value is the value which is approved for the project to be completed in a given period of time. Earned value is compared with planned value to check schedule variance of project.

Actual value or cost is the cost that is spent on project while working on it till date. Earned value is compared with Actual value to check cost variance of project.

Earned value is the value of work done on project till date. It show the value of project in term of schedule and cost.