IT PROJECT MANAGEMENT:EX

2.2 You are the project manager on a project that has R800, 000 software development effort. There are two teams of programmers that will work for 6 months for a total of 10,000 hours. According to the project schedule your team should be done with 38% of the work. As of today, the project is 40% complete while 50% budget has been used. Calculate and share your conclusion if the project is over budget or ahead of schedule. (15marks)