Which of the following best describes the status of the project based on the Earned Value Reporting illustrated in the following graph? Question 4 options: The project is late because the actual costs are less than the planned value The project is on schedule because the planned value is equal to the earned value The project is over budget because the earned value is greater than the actual costs The project is over budget because the earned value is greater than the planned value The project is early because the earned value is greater than the planned value