Please refer the attached file about EVM.
The correct answer to this question (with green arrow) says that both cost and schedule are BAD at the moment.
From my assessment of the graph, we are approximately at 60% in terms of EV (earned value) with Planned Value at around 50% (4 out of 8 iterations done). Actual Cost is probably around 65% of total cost.
this tells me we are doing well on schedule but not great on cost. Why does the correct answer say we are behind schedule? Am I missing something?
Thanks a lot for your help.