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A. Project is on budget and on schedule
B. There is no schedule variance
C. Schedule Variance Index is1
D. There is no cost variance
The correct answer is A.
A. Project is on budget and on schedule
If there is no difference between earned value and actual cost it means that proejct is on budget and schedule.
My answer is A
Thank you for the invitation. My answer is A
A. Project is on budget and on schedule
Your project is in trouble. A successful project needs sufficient income to cover direct and indirect costs as well as profit, i would hope that my projects earned value is greater than actual cost, if not i would need to have a strategy to recover losses eg variations etc. Measuring financial position is always problematic as resource costs are realised on different cycles, and as such there are difficult to asses because of the delays.
Option A is the correct choice
Thank you option A is good answer.
If is an business in a initial stage then its good, and called the no loss no profit stage or break even point. So A
The Actual Cost (AC) is a function of the time and it is a measurement of how much money has been spent on a project. It's measured in units of economic value ($). Mathematically, the domain of the Actual Cost (AC) is time and the range is an economic value ($). The Actual Cost (AC) is clearly associated with the Earned Value (EV) because the units of work that are measured by AC, are the same that EV has added as progress. In other words, when a unit of work has been done, EV adds the planned value of cost for that unit of work and AC adds the real cost for that unit of work.
I have the same situation, but still my SV is negative and SPI is below 0.. How come?
