You are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and is being used as the standard against which the project performance is measured. You are analyzing the project performance at the end of Week 2 . Activity "A* is 50% complete and its actual cost is 5 . What is the cost variance of this activity? Use two decirnal places in your calculations. Your project has a total budget of $300000. You check your records and find that you have spent $175,000 so far. The team has completed 40% of the peoject work, but when you check the schedule it says that they should have completed 50% or the work. What is your project's Budget at Completion (BAC)? $150,000 5130,000 5175000 13000.000 While reviewing the data collected from your project about one-third of the way into execution. you found that about one-third of the budget has been spent. What does this tell you about your project? The project it on schedule bot we do not hye enough information on cost perfonance. The project is on budget bat we do not have enougi intornation about el hedule performance. The project it goine as plarined. we da not thave enough informution to discern neither shodule nor cost performance