Question

ou 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.

Answer 1

B. ahead of; under

Step-by-step explanation:

Earned value analysis is the process to check the status of the project and the analysis, evaluation is to be done. It can be done between the earned value with the actual cost incurred and with the planned value

Here Planned value refers to the value i.e. to be permitted and to be completed within the prescribed time. Here earned value is compared with the planned value to check the variance schedule of the project

Here the actual value is the value that is actually spent or incurred till date. Here the earned value compared with the actual value so that any variance related to cost could be checked

And, the earned value is the value of the work completed till date. It could be in terms of costing and scheduling.

So if the earned value is more than the planned value and the actual value so the project is ahead and it is under budget

hence, option B is correct