Question: You are the Project Manager for a Construction Project. Your team lead reports that the cost variance is negative $40,000 and the schedule variance is

You are the Project Manager for a Construction Project. Your team lead reports that the cost variance is negative $40,000 and the schedule variance is $80,000. Which of the following most accurately describes the current status of the project?

Over budget and ahead of schedule

Behind schedule and under budget

Under budget and behind schedule

Under budget and ahead of schedule

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