When using earned value, under what circumstances can the actual cost of work scheduled (ACWS) be utilized The following bar chart shows the activities to complete a project in 6 months (each column represents 1 month). The total project cost is $1,480. After 3 months. Activities A, B, C, E, and half of F arc completed, for a cost of $490. What is the status of the project in terms of the budget (over or under) and the schedule (ahead or behind)? (Give each answer in terms of a percent variance.) When using earned value, under what circumstances can the actual cost of work scheduled (ACWS) be utilized The following bar chart shows the activities to complete a project in 6 months (each column represents 1 month). The total project cost is $1,480. After 3 months. Activities A, B, C, E, and half of F arc completed, for a cost of $490. What is the status of the project in terms of the budget (over or under) and the schedule (ahead or behind)? (Give each answer in terms of a percent variance.)