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Your three month project is about to exceed the projected budget after the first month. What steps will you take to address the potential cost overrun?

asked 10 years ago by anonymous

1 Answer

Firstly analyze/check the cause of budget overrun. Then check if this can compensated in the next 2 months.

We need to check the % of budget overrun, if we can absorb the cost or we need to inform the Client about the same.

The reason for this could be under budgeting initially or incorrect analysis of resources, assumptions, due deligence was not done with respect to Scope, Time, Quality and other aspects.
answered 9 years ago by anonymous

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