A project manager receives the following information on his project: PV - 4,500, AC =4,000, EV = 5,000. How well is the project doing in terms of budget? Right on budget 1,000 under budget 1,000 over budget 500 under budget 500 over budgetIt is going to cost $120,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska. This would be an example of a situation requiring reducing the project duration due to imposed project deadlines. time to market. unforeseen project delays. high overhead. ) incentive contracts