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What does this mean? A. The project is under budget and on schedule. B. The project is on budget, but behind schedule. C. The project is on budget and ahead of schedule. D. The project is over budget and on schedule.
Form the data provided PV = $12,400,000, EV = $14,500,000 & AC = $ 14,500,000
It can be understood that,
1) AC > PV (i.e project is over budget on the specified Data Date)
2) EV > PV (i.e. project is ahead of schedule on the specified Data Date)
so the answer should be "The project is over budget & ahead of schedule" .
As this is not an option, so option (c) can be considered only if AC=BAC on the specified data date.
C. The project is on budget and ahead of schedule.