QEX Construction Company Limited is managing a project scheduled for seven $(7)$ months. After allocating the overall project cost estimate to the individual work items, it was revealed that GIC $40,000\mathrm{.}00$ was budgeted for each of the first two months. For the remaining months, GHC $30,000,00$ will be spent in each month. At the end of the fourth month, it's been ascertained that $50\%$ of the work has been completed with GHC $125,000\mathrm{.}00$ expended. As the project manager, determine the following;

The earned value;

The cost variance;

The schedule variance;

IV$.$

Estimated cost at completion; and

V$.$

Estimated time to complete

What can you say about the performance of the work at the end of the fourth month?