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

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Sitch

Sitches are situations, jams, issues, errors, gaps, troubles, stoppages, crisis 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.
Welcome to the Sitch! (Please preview the video. Click the video icon.)

You've taken the first step on your learning journey. Below you are able to track your progress in the Sitch. Complete the circle by adding your Instant Thinking and using the tools in Deep Dive Thinking - Analysis, Solutions, and Impacts. Once you've completed all the items in this Sitch you'll have examined the Sitch from many different angles and expanded your expertise.
What's the Sitch?
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 objective?
I need to complete this project without delay and not to go over-budget.
Please select one tool that you find appropriate for the Sitch.
Please select one tool that you find appropriate for the Sitch.

Fix Sitches with the help of the different available Actions which enable analysis, critical thinking, assessments, visualizing, seeking patterns, learning from others, sharing work and collaboration. There are 20 Deep Dive Thinking Tools. Use at least one for Analysis, Solutions, Results and Sense Making. Please complete the Feedback. Thank you.
What is your Instant Thinking?
Analysis
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Solutions
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Results
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Sense Making is capturing the essences of the patterns and connections of ideas that you think are valuable. This is a synthesis of the key ideas you learned from the Sitch. Others call this also as the "takeaways."
Feedback
It is always great to know if the Sitch helped you and your teams. Please share your feedback on the following items in the rating scale. Thank you.

Instruction

Please share your experiences from Situation Expert and this Sitch. Use the Comment form for more suggestions. Thank you.
Please let us know the extent that you agree with the following statement about The Sitch, Analysis, Solutions, Results and Sense Making: 1 being "I don't agree", 5 "Somewhat agree", and 10 "Completly agree".

Helps In Big Picture Thinking
5
Helps Come Up With Better And Reliable Answers
5
Improves My Ability To Learn From Ideas Related To The Sitch.
7
I Learned From My Connections, Peers And Team Members.
4

Suggestions and Comments:

This was a exercise was helpful in the planning of future projects, to avoid time and cost overruns.


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Instruction

Please share your experiences from Situation Expert and this Sitch. Use the Comment form for more suggestions. Thank you.
Please let us know the extent that you agree with the following statement about The Sitch, Analysis, Solutions, Results and Sense Making: 1 being "I don't agree", 5 "Somewhat agree", and 10 "Completly agree".

Helps In Big Picture Thinking
9
Helps Come Up With Better And Reliable Answers
8
Improves My Ability To Learn From Ideas Related To The Sitch.
8
I Learned From My Connections, Peers And Team Members.
9
Add comment

Upload jpg, jpeg, png, bmp, doc, docx, xls, xlsx, ppt, pptx, pdf, mp3, m4a, wav, wmv, mp4, mov, mpg, mpeg, zip, rar, csv, and txt files with 50MB maximum size.

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Joane Maureen    
May 29, 2018