Project Management Professional (PMP) Exam Practice – Question0851

A project manager for a 12-month project has a budget of US$2 million. The project's first three months indicate a cost to date of US$500,000, an actual cost of US$550,000, and an earned value (EV) of US$525,000.
What is the project's current status?


A.
Ahead of schedule and under budget
B. Ahead of schedule and over budget
C. Behind schedule and over budget
D. On schedule and under budget

Correct Answer: B