In project management, which formula is used to determine if a project is ahead or behind its planned schedule?
Earned Value (EV) divided by Planned Value (PV)
Planned Value (PV) minus Earned Value (EV)
Earned Value (EV) minus Planned Value (PV)
Earned Value (EV) minus Actual Cost (AC)
To find out if a project is ahead or behind schedule, you subtract Planned Value (PV) from Earned Value (EV): EV - PV. A positive result indicates the project is ahead of schedule, while a negative result means it's behind. The other options are incorrect because reversing the subtraction (PV - EV) would invert the results, dividing EV by PV gives the schedule performance index, and subtracting Actual Cost (AC) from EV relates to cost variance, not schedule status.
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