A project manage is in the middle of an angle project comprised of 100 user...

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.

The Project Management Professional (PMP)® Certification from PMI1, PMP Examination Content Outline - June 2019 - Project Management Institute2, Professional in Business Analysis Reference Materials3.