QUESTION $2$

Consider the following two statements about EVA.

EVA allows us to identify how much of the project's planned schedule has been "earned."

EVA allows us to track how actual costs are rolling in relative to the amount of budgeted costs that have been earned.

Which of the following is correct? $($Choose one.$)$

Statement $1$ is correct, but $2$ is incorrect.

Statement $2$ is correct, but $1$ is incorrect.

Statements $1$ and $2$ are both correct.

Statements $1$ and $2$ are both incorrect.

QUESTION $3$

A manager is performing an EVA during the $6$th month of a project. She finds that the schedule index $($SI$)$ for task $"$K$"$ is $0\mathrm{.}8$ and the cost index $($Cl$)$ for task $"$K$"$ is $1\mathrm{.}3.$

Which of the following is the most appropriate reaction to this? $($Choose one$).$

Task $K$ is behind schedule and we should send in the expensive "special ops" team to get it back on track.

Task $K$ is $30\%$ over budget.

Task K$\text{'}$s overall performance is on target.

Task $K$ is so far behind schedule that the project should be terminated.