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 （  ） .