The project sponsor wants to know the status of the project, and the amount of variance from plan, if any. The project manager has determined that the PV of the project is $800,000, the EV is $750,000, and the AC is $775,000. The project manager should tell the project sponsor that the project ________.
A. $25,000 ahead of schedule and $50,000 under budget
B. $50,000 ahead of schedule and $25,000 under budget
C. $25,000 behind schedule and $50,000 over budget
D. $50,000 behind schedule and $25,000 over budget
Answer: D