Given that the AC = 500, PV = 400 and EV = 300, this project is currently _________ budget and ______ schedule.
A) under, ahead of
B) under, behind
C) over, behind
D) over, ahead of
E) on, on

Question

Quizplus · Accepted Answer

The project is over budget because the Actual Cost (AC) of $500 is more than the Planned Value (PV) of $400, indicating that more has been spent than planned. It is behind schedule because the Earned Value (EV) of $300 is less than the Planned Value (PV) of $400, indicating that less work has been completed than what was scheduled.

Given That the AC = 500, PV = 400 and EV