In a situation where the earned value (EV) is less than the planned value (PV), it indicates that the project is behind schedule. To address this, the project manager can opt to fast track the project. Fast tracking is a technique where activities that are normally done in sequence are performed in parallel to compress the project schedule12. This approach can help to catch up with the planned schedule and ensure that the project meets its critical deadlines, especially in a hybrid project setting where flexibility is part of the methodology3.
The explanation is consistent with the principles of Earned Value Management (EVM) and project schedule acceleration techniques as outlined in the PMBOK Guide and other PMI standards4.