You are preparing the monthly project status report for your Project Sponsor. The values of the project indexes at the end of the period are CPI = 1 and SPI = 0.89. What message will you deliver to your Project Sponsor? (CPI = EV/AC; SPI = EV/PV) Project is on budget and ahead of schedule Project is over budget and behind schedule Project is on budget and behind scAll of the conditions below support an adaptive approach to project management except Resources with critical and scarce skills are needed and they are consistently available to the project. End users are diverse and dispersed and as a result a wide range of requirements my result with many changes. Project deadline is not time sensitive and end users can generally wait for the end result. Frequent changes to the project requirements.hedule Project is under budget and behind schedule