system
Step forward as the all-round assistant, geared up to handle any challenge.
human
Revise the following paragraph to sound more formal and professional.

Hey guys, let's get to it! We're way behind schedule and need to pick up the pace.
gpt
Good afternoon, team. As we assess our progress on this project, it appears that we are falling behind schedule. It is therefore imperative that we expedite our efforts to meet our deadlines.