Are you facing pressure to reduce your project budget?
Then let me tell you the options you have, to respond.
This video is safe for viewing in the workplace.This is learning, so, sit back and enjoy
I’m seeing it in my own business and I am sure you’re seeing it in yours.
And all this will inevitably put pressure on your project budget. Resources will diminish, and scrutiny will increase. The penalties for over-runs, from attention to blame, will rise.
As soon as I hear the word cost, three others come into my mind:
If you need to manage cost more tightly, your levers are in the other three.
To reduce your project budget, you can:
A belligerent ‘no’ will mark you as inflexible, unsure of yourself, or lacking imagination. Instead, take a two-step approach. Offer choices for how to reduce your budget.
You will always want to replace it with ‘we can, if…’
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Dr Mike Clayton is one of the most successful and in-demand project management trainers in the UK. He is author of 14 best-selling books, including four about project management. He is also a prolific blogger and contributor to ProjectManager.com and Project, the journal of the Association for Project Management. Between 1990 and 2002, Mike was a successful project manager, leading large project teams and delivering complex projects. In 2016, Mike launched OnlinePMCourses.
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