QUESTION 7 During the sixth monthly update on a 10-month, $300,000 project, analysis of the cared value management data shows that the cumulative PV is $190,000, the cumulative AC is $120,000, and the cumulative EV is $150,000. In planning its action, the project management team can conclude all of the following from these measures EXCEPT: Continuing performance at the same efficiency with no management intervention, the project will probably be completed ahead of schedule and over budget. Less has been spent than was planned. Less has been accomplished than was planned. Continuing performance at the same efficiency with no management intervention, the project will probably be completed behind schedule and under budget. QUESTION 8 Earned value (EV) involves all of the following EXCEPT: Value of the work performed expressed in terms of the budget authorized for that work. Progress measurement criteria, which should be established for each WBS component to measure work in progress. Budget associated with the authorized work that has been completed. Actual cost for an activity or work breakdown structure (WBS) component