Your project is expected to run for three consecutive years. Your organization is introducing earned value management as part of the planning and managing of this project. Your project assistant does all the earned value calculations for you but has a hard time interpreting the results. The project budget $100,000. The budget is consistent across the three years. You are exactly 18 months into the project. 30 percent of the total budget has been spent and 40% of the work is complete. Your project is:

a. ahead of schedule and over budget

b. ahead of schedule and under budget

c. behind schedule and over budget

d. behind schedule and under budget