As a project manager of a payroll application upgrade project, you have to report the project status on a monthly basis to the steering commitee. While presenting last month's status you informed the steering committee that the schedule performance index is 1.06 and the schedule variance is $10,000. A steering committee member who is attending this meeting the first time is confused. She represents the finance department so her question is "What does this tell me as to how much we saved or overspent till now? What will you tell her based on the information given above?