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2. You are managing a project with a budget of $5.000.000. Stakeholders have asked for an updated status and you provide cost figures are as shown in the following tables. Period Actual Cost Planned Value Earned Value Month 1 $ 1.250.000 $ 1.100.000 $ 1.000.000 Month 2 $ 500.000 S 600.000 750.000 Month 3 $ 2.000.000 Month 4 $ 1.300.000 Explain the project status at the end of Month 2 and what steps should be taken to keep the project running smoothly. (LO 4.2) (25%)