Earned Value Management Case Study: Project XYZBackground: Company ABC is undertaking a construction project, Project XYZ$,$ to build a new office complex. The initial budget for the project is set at $$2,000,000,$ and the planned duration is $12$ months. The project involves multiple phases, including site preparation, foundation construction, building structure, and interior finishing:Case Study:$1.$ Project Initiation $($Month $1-2)$:$1.$ Planned Budget $($PV$)$: $$200,0002.$ Actual Cost $($AC$)$: $$180,0003.$ Earned Value $($EV$)$: $$190,0002.$ Questions:$1.$ What is the Cost Performance Index $($CPI$)$ for the initiation phase?Calculate the Schedule Performance Index $($SPI$)$ for the initiation phase$\mathrm{.}3.$ Is the project under or over budget at this point?