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Joe was asked by his PMO Director to take over a project which had the following earned value calculated data. Is Joe being given a well managed project on budget and on schedule? EV=$125,000, AC=$100,000, and PV=$90,000
None of these
Based on data, CV is Positive and SV is Negative. The project was given to him on or under budget but behind in schedule
Based on data, CV is Negative and SV is Positive. The project was given to him over budget and on or ahead of schedule
Based on data, CV is Positive and SV is Positive. The project was given to him on or under budget and on or ahead of schedule.
Let's first look at the formulas: CV=EV-AC and SV=EV-PV. CV=$125,000-$100,000 =+$25,000 and SV=$125,000 -$90,000=$35,000. Both indictors are positive and indicate he was given a well managed project on or ahead of schedule and budget. (PMBOK 2013 Rev 5th Edition, pgs 217-225).
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