What does it mean when earned value is above planned value?

Select an answer:

More work has been completed than planned, and the task or project is ahead of schedule.

More was spent for the work completed than planned, and the project is behind schedule.

Less work has been completed than planned, and the task or project is ahead of schedule.

Less was spent for the work completed than planned, and the project is under budget.

You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value. That means the project is _____.

Select an answer:

under budget

behind schedule

over budget

ahead of schedule

A risk that has become reality in your project has led to a cost increase. You have already used the funds reserved to handle this risk and have concluded that you need additional funds that the project does not have. Who is the most likely person or group you need to ask for help?

Select an answer:

the project customer

the project stakeholders

your organization's management team

the project sponsor