Question

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: over budget, ahead of schedule, under budget, behind schedule

Explanation:

In earned value analysis, the schedule performance index (SPI) is calculated as \( SPI=\frac{Earned\ Value\ (EV)}{Planned\ Value\ (PV)} \). If \( EV > PV \), then \( SPI> 1 \), which indicates that the project is ahead of schedule. "Over budget" and "under budget" relate to cost variance (comparing actual cost and earned value), not the relationship between earned value and planned value. "Behind schedule" would occur when \( EV < PV \) ( \( SPI < 1 \) ).

Answer:

B. ahead of schedule