Question

What does it mean when earned value is above planned value?

Answer 1

Answer: more work has been completed than planed, and the task or project is ahead of schedule.

Step-by-step explanation:

For the lower costs than planed you are ahead of schedule

Answer 2

If the Earned Value is less than the Planned Value, you are behind schedule, and if the Earned Value is greater than the Planned Value, you are ahead of schedule. The Earned Value can be compared to the Actual Cost (AC) to determine whether you are above or below budget. An Example from Capital Project Management

Step-by-step explanation: