Last updated on Jul 10, 2024

Here's how you can manage a project that is behind schedule and over budget.

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Managing a project that's behind schedule and over budget can be daunting. You're tasked with navigating a complex situation, balancing resource allocation, and often dealing with team morale issues. However, with a strategic approach and effective communication, you can steer your project back on track. By understanding the root causes, re-evaluating the project plan, and engaging with your team, you can address the challenges head-on. It's crucial to maintain transparency with stakeholders and keep them informed of the steps you're taking to mitigate risks and control costs. Remember, as a product manager, your ability to adapt and problem-solve is key to overcoming these hurdles.

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