Question about Schedule Variance and Cost Variance

A negative cost variance and schedule variance equal to zero means:
A. The project is over budget and on schedule
B. The project is under budget and ahead of schedule
C. The project is on budget and ahead of schedule
D. The project is over budget and behind of schedule
To answer this type of questions, you need to know the very basic formulas of EVM (Earned Value Management).

Check the page 182 of the PMBOK.

SV = EV – PV (minus is behind schedule)
CV = EV – AC (minus is over budget)

The answer is A, of course!