Perm processing time

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My current employer has started my PWD in Jan 2021. My H1B is maxing out in May 2022. 

As per the current processing timelines - PWD is taking 5 months so which means likely my perm cannot be filed on or before May 2021. 

Please suggest on these questions

1) Do I have enough time to get my perm approved before May 2022 to stay in US beyond my H1B max out period ?

2) What are my options to stay in this country beyond May 2022 incase if my perm doesnt get approved by then? 

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