A project manage is in the middle of an angle project comprised of 100 user stories broken down into five iterations. Each user story is worth U$$50. The actual expenditure is U$$2,00 and 50 user stories have been delivered.
The project manager is in the middle of the project, which is divided into five iterations. Each user story is worth $50, so the total budget for the project is $50 * 100 = $5000. The actual expenditure so far is $200, and 50 user stories have been delivered. This means that the project has spent less than the budgeted amount for the 50 user stories ($50 * 50 = $2500), so it is under budget. Since the project is in the middle and has delivered half of the user stories, it is on schedule.
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