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Lisa has a project that was scheduled for 8months. The Planning section took 1 month, The Execution phase took 5 months, and the final phase is still open. Lisa estimates that the project is 80% complete. What is the status of the project?
Undetermined
On Schedule
Ahead of Schedule
Behind Schedule
Let's first look at the data: So far 6months of planned value have been consumed on an 8month project. If the project is 80% complete, .8*8months =6.4months=EV. SV=EV-PV=6.4-6=+.4. The correct answer is A and shows that project is ahead of Schedule. (PMBOK 2013 Rev 5th Edition, pgs 217-225).
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