Project Cost Situation
Your sponsor asked you for the projection of budget deficit or surplus at the completion of the project you manage (VAC). The future work will be completed at the planned rate, so the Budget at Completion is $10 million , the Actual Cost is $5 million and the Earn Value is $4 million. Which of the following statements is correct about your project?
A. Your project is under planned cost.
B. Your project is on planned cost.
C. Your project is over planned cost.
D. You need more information to find out about the cost situation.