You are a Project manager and the project you have has a team member assigned to the project full time. So according to you what is the MOST likely effect on the project if that resource completes his activity sooner than planned? Lower quality deliverables Wasted cost A subsequent activity will be delayed Changes to the risk response plan just begun week three, with an overall budget of US $10,000. To date, you have spent US $2,000 with 40 items tested successfully. So what if one calculates the cost variance (CV), then what does it tell you in this circumstance? The project is proceeding at 100 percent of the expected rate. The project is $2,000 under budget. The project is on budget. The project is getting $2 of work for every dollar spent