In an agile project of 100 user stories across five iterations, each user story is worth US$50. The actual cost to date is US$2,000 and 50 user stories have been delivered. Which statement is true?

To determine the project's status, calculate the Earned Value (EV), Planned Value (PV), and Actual Cost (AC). Earned Value (EV): 50 user stories delivered $50/story = $2,500. Actual Cost (AC): Given as $2,000. Planned Value (PV): The project has 100 user stories across five iterations, meaning 20 user stories per iteration (100/5). If 50 user stories have been delivered, this implies the project is 2.5 iterations complete (50/20). Therefore, the planned value at this point should be 50 user stories $50/story = $2,500. Now, compare the values: Cost Performance: EV ($2,500) AC ($2,000), meaning the project is under budget. Schedule Performance: EV ($2,500) = PV ($2,500), meaning the project is on schedule. Therefore, the project is under budget and on schedule.