19. a project manager reported the following earned value data: pv: $12,400,000 ev: $14,500,000 ac: $14,500,000 what does this mean?112 group of answer choices the project is over budget and on schedule. the project is under budget and on schedule the project is on budget, but behind schedule. the project is on budget and ahead of schedule.

A budget is an organized financial plan that allocates funds among various expenses in order to meet financial goals. It helps individuals, businesses, and other organizations to manage their financial resources in an efficient and effective manner. A budget outlines projected income and expenses over a predetermined period of time, and helps to identify potential areas of waste or overspending. It also helps to identify potential areas of savings or investment opportunities. A budget provides a benchmark for tracking actual spending and income, and allows for changes to be made as needed in order to meet financial objectives. By creating a budget, individuals and organizations can better manage their finances and ensure that their goals are achieved.

Earned Value (EV) measures the value of the work that has been completed so far in the project. The earned value of $14,500,000 indicates that the project is ahead of schedule because the planned value (PV) of the project was $12,400,000. The actual cost (AC) of the project is equal to the earned value, indicating that the project is on budget.

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Complete Quesiton:
A project manager reported the following earned value data: PV: $12,400,000 EV: $14,500,000 AC: $14,500,000 What does this mean?

a The project is over budget and on schedule.

b The project is under budget and on schedule

c The project is on budget, but behind schedule.

d The project is on budget and ahead of schedule.