A project's earned value (EV) is $12,000 and its planned value (PV) is $15,000. What is the result of subtracting PV from EV for this project?
$0
$3,000
-$3,000
$27,000
Subtracting the planned value (PV) from the earned value (EV) gives EV - PV = $12,000 - $15,000 = -$3,000. Therefore, the correct answer is -$3,000. The option $3,000 is incorrect because it ignores the negative sign, which is important in indicating whether the project is ahead or behind schedule. $27,000 is incorrect because it results from adding EV and PV rather than subtracting. $0 is incorrect because EV and PV are not equal.
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