Question

Your schedule shows that you should be 50% complete with a project. The total cost of the project is planned to be $4 million. The actual cost (AC) of the work you have performed to date is $1.5 million.
* The budgeted cost for the work you have actually completed (EV) is $1 million.
* What is the status of this project?
* ahead of schedule; within budget
* cost overruns; ahead of schedule
* behind schedule: cost overruns
* within budget; behind schedule