You are managing a software project with an initial budget estimate of 2 million USD. During interim cost and schedule performance analysis, you figured out that: You should have spent $500,000 till now based on your initial plans and 1000 man/day of schedule activities You spent $600,000 till now and completed 1100 man/days of schedule activities which should have cost $450,000 based on your initial plans. You re-estimated the budget required for the remaining work to be done as $1,500,000.