PE Civil Engineering Exam Prep

Answer: A - When evaluating the progress of a project using the Earned Value Management approach, a project is considered profitable when the actual budget spent is less than or equal to the earned value. A project is considered to be over budget when the actual cost is greater than the earned value. A project is considered to be behind schedule when the billed cost of work performed up to a certain date is less that the budgeted cost of work scheduled to be completed at that date.