Question $4$: Interpret the Project$$s Status

After reviewing your status report the boss asks you two follow$-$up questions.

Provide answers to each of the questions below:

$1.$ What is the current week three $(3)$ status of the project?

o Is the project on schedule, behind schedule or ahead of schedule?

o Is the project on budget, under budget or over budget?

Refer to your earned value findings to support your answer.

$2.$ If progress continues at its current rate $$ how much will the project likely cost?

o Ensure that you reference the earned value terms and findings in your answer