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


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.
Joane Maureen      
May 29, 2018
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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.
How to Reduce Costs - How Do I Handle Budget Issues?
What's the Sitch?
What's the objective?
What's the biggest challenge?
I've got some ideas. What are your thoughts?

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.
"I've got some ideas. What are your thoughts?"
May 29, 2018
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After you create or review the Sitch, enter your Instant Thinking. Instant Thinking are initial thoughts, intuitions, gut feels, guesses, preliminary ideas, sometimes half-baked ideas but are helpful in brainstorming. These are based on your first impressions and instant recall of whatever memory you may have. In Deep Dive Thinking you will do more deliberate thinking.
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.
Analysis
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Solutions
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Results
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Sense Making
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."

Sense making
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cut unnecessary costs and focus on highly important items

reduce sudden expenses
sticking to budget plan
avoid delays
Sense making
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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
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
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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.

Upload jpg and png files with 50MB maximum size.


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
8
Helps Come Up With Better And Reliable Answers
8
Improves My Ability To Learn From Ideas Related To The Sitch.
6
I Learned From My Connections, Peers And Team Members.
6

Suggestions and Comments:

Interesting idea!


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Upload jpg and png files with 50MB maximum size.

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  • Sense Making
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