The chief financial officer receives the following information on a project: PV = 10,000, EV = 12,000, AC = 8,000, BAC = 20,000, EAC = 13,333. How is the project doing in terms of schedule?
A) More work has been done than planned
B) Less work has been done than planned
C) The same amount of work has been done than planned
D) The project has cost more than planned
E) There is not enough information to draw a conclusion

Question

Quizplus · Accepted Answer

The project is ahead of schedule because the Earned Value (EV) of $12,000 is greater than the Planned Value (PV) of $10,000, indicating that more work has been completed than was originally planned for this point in time.

The Chief Financial Officer Receives the Following Information on a Project