PMP / CAPM exam Question bank

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EVM question

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?

a The project is over budget and on schedule.
b The project is under budget and on schedule
c The project is on budget, but behind schedule.
d The project is on budget and ahead of schedule.
 
 
 
My answer is a.

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