Question: If Earned Value ( EV ) = $ 1 2 , 0 0 0 , Actual Cost ( AC ) = $ 1

If Earned Value (EV)=\$12,000, Actual Cost (AC)=\$10,000, and Present Value (PV)=\$7,000, what is the Schedule Variance (SV) and the project schedule status? a) SV=-\$2,000 behind schedule b) SV=+\$5,000 behind schedule c SV=-\$5,000 ; ahead of schedule d) SV=+\$5,000 ahead of schedule e) SV=-\$5,000 behind schedule

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