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You are a project manager for a small project. Your project was budgeted for ¥500,000 over a six-week period. As of today, you’ve spent ¥260,000 of your budget to complete work that you originally expected to cost ¥280,000. According to your schedule, you should have spent ¥300,000 by this point. Based on these circumstances, your project could be BEST described as (  ) .