A project's earned value (EV) is $80,000, and its planned value (PV) is $100,000. Based on this information, what can be concluded about the project's schedule?
The project is ahead of schedule
The project is behind schedule
The project is under budget
The project is over budget
Since the earned value is less than the planned value (EV < PV), the project has completed less work than planned and is therefore behind schedule. This negative schedule variance indicates delays in the project's progress.
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