$12,1$ point

You are the project manager of an IT project that's scheduled for $18$ months with a Budget at Completion $($BAC$)$ of $$900,000.$ Currently, you're in month $9,$ and the project has incurred an Actual Cost $($AC$)$ of $$500,000.$ The project was planned to be $60\%$ complete by this point, but upon reviewing the deliverables, you ascertain that only $50\%$ of the work has been finished.

Using Earned Value Management $($EVM$),$ calculate the Cost Variance $($CV$),$ Schedule Variance $($SV$),$ and determine the most likely scenario regarding the project's performance.

CV: $-$$$10,000,SV$:$-$$$0,000,$ the project is slightly over budget and behind schedule; r r w mmend a slight increase in pace.

$CV$:$-$$$50,000,SSV$:$$90,000,$ the project is over budget and behind schedule; reassess project resource allocation and timeline.

$CV$:$$10,000,SV$:$$50,000,$ the project is under budget and slightly ahead of schedule; proceed as planned with regular monitoring.

$CV$:$$50,000,SV$:$$90,000,$ the project is under budget and ahead of schedule; advise the team to maintain the pace.