We have approved a 6-month, $200,000 systems project to improve office communications. We are now 4 months into the project. People and equipment expenses have been $160,000, and we think it will take another 3 months and $80,000 to finish the project. 

Required: 

1. From a control perspective, how is the project coming along? 

2. From a planning perspective, how does the project look as we view the future?