Project Management Professional (PMP) Practice Exam

Question: 1 / 400

A project manager reported the following earned value data: PV: $12,400,000 EV: $14,500,000 AC: $14,500,000 What does this mean?112

The project is over budget and on schedule.

The project is under budget and on schedule

The project is on budget, but behind schedule.

The project is on budget and ahead of schedule.

This means that the project is currently on budget and ahead of schedule. The earned value (EV) is greater than the planned value (PV), indicating that the project is performing better than expected. The actual cost (AC) is equal to the earned value, meaning that the project is also on budget. Options A and C can be eliminated because they both state that the project is not on schedule. Option B can be eliminated because the project is actually ahead of schedule, not under budget. Therefore, option D is the correct answer.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Download Project Management Professional (PMP) Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy