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How to Reduce Costs - How Do I Handle Budget Issues?

 
Rej 150x200
Situation
General information of the situation
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Situation
General information of the situation
Alert Others

Situation

The situation is where you start. You learn by dealing with real-life work situations. Provide a short description of the situation for the learners to work on. Along the way, you will impact results.
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Sitches are situations, jams, issues, errors, gaps, troubles, stoppages and many others to fix and solve. They are also opportunities to improve, grow, expand, and introduce better, faster and cheaper ways to get the desired results.
What is your Situation and Question?
I've just been assigned as project manager and I want to be good at this. But I'm having all these issues about delays and unexpected costs. I'm under a lot of pressure to reduce additional costs and stick to the budget. How do I handle this?
What's the biggest challenge?
I've got some ideas. What are your thoughts?
What's the objective?
I need to complete this project without delay and not to go over-budget.
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Rej 150x200
Ray Jimenez, PhD    
October 02, 2018