Jean Is Managing a Project in His Organization

Multiple Choice

Jean is managing a project in his organization. The planned value for this project is $4,500. At the end of eight weeks, he finds that his earned value is $3,500. What is the present schedule variance for the project? What does the variance signify?

A) $-1,000; behind schedule
B) $+1,000; ahead of schedule
C) $-1,000; on schedule
D) $+1,000; on schedule
E) $+1,000; behind schedule