Project Management 1. If the project has spent $50,000 versus a budget of $45,000 and it is a week ahead of schedule, is it a certainty that the

Project Management

1.    If the project has spent $50,000 versus a budget of $45,000 and it is a week ahead of schedule, is it a certainty that the project is doing well?  why or why not.

2.    In reviewing the budget report of a project, it notices that spending on the project is running about ten (10) percent over plan. Is the project in trouble? Why or why not, and what would be to do?