-
myton replied to the topic how the PM handles budget cut? in the forum Project Management Process and Medical Device Development 8 years, 10 months ago
The budget is an integral component of a project. Without financial support, the project will not be able to continue and resources cannot be procured. Budget cuts are very detrimental because during the cost estimation for a project, the best option within the available budget is chosen and because of the budget cut, changes must be made which may reduce the quality of the project. However, despite that, people are still able to come up with the best version of a project with the resources available.