At the end of the second week of a project, the earned value (EV) of work is $8000 USd and the planned value (PV) of work is $7000 USd. What is true about the project?
At the end of the second week of a project, the earned value (EV) of work is $8000 USd and the planned value (PV) of work is $7000 USd. What is true about the project?
In project management, if the earned value (EV) is greater than the planned value (PV), it indicates that the project is ahead of schedule. In this case, the EV is $8000 while the PV is $7000, meaning the project has accomplished more work than was planned for this point in time.
TDMM page 21-24 (1555)