- On schedule
- On budget
- Behind schedule but on budget
- Insufficient information to evaluate
The correct answer is 3.
CV = 0, which means that the project is on budget. SV = EV – PV, which is $9,000 – $10,000 = -$l,000, indicates that the project is behind schedule. We are not on budget; Stating “on budget” tells only half of the status; and Insufficient information is incorrect because there is sufficient information to determine status.
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