2. Analyze the project progress on DAY 11 based on the following diagram. This project is ahead of schedule or behind the schedule by what %? This project is over or under budget by what %? Combined S-Curves 200% 180% 100% 90% 80% 70% 160% 140% 120% %Cost 100% %Work Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 49% 60% 50% 40% 30% 20% 10% Cost% Work % Cost % Work % 0% 4% 0% 3% 1% 7% 1% 6% 9% 14% 9% 12% 16% 21% 19% 18% 24% 29% 27% 24% 32% 36% 35% 32% 40% 43% 41% 41% 47% 50% 51% 55% 57% 56% 47% 63% 64% 70% 63% 71% 71% 82% 62% 82% 93% 67% 92% 86% 96% 89% 100% 93% 100% 96% 100% 100% 80% 60% 40% 79% 20% 0% 0% 0 2 18 4 6 8 10 Elapsed Time in Days 16 17 Hint: On day 11, the progress is 62% and the money spent is 82%. The first step is identify whether the progress is on schedule or not by comparing the 62% to the planned progress. To identify whether the project is over/under budget, you need to compare the budget of the actual progress (what is the budget for 62% progress?) to the actual cost (i.e., 82%)