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Bill is asked to do provide an Earned Value of his project to the Executive Team by next week. In his calculation he has used both the anticipated work completed as well as the actual work completed and finds that the results for SPI is 1.5 and CV is +100. What does this tell him and how should he prepare for his meeting with Executive Team next week:
It tells him he should be prepared to deliver good news, as both the budget and the schedule are ahead of plan.
It tells him that he is behind on planned work but on track with budget and will need to see how he can make up for lost time.
It tells him that he is ahead of planned work, but behind on budget and will need to see where he can reduce existing cost to bring cost of project back on track.
It tells him that he is behind on both budget and schedule, he needs to plan a recovery.
It tells him that he is ahead on both budget and schedule, he will report good news as SPI >1 indicates he is ahead of planned schedule and CV being positive shows he is under planned cost or ahead of budget.
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