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"Do not go over the budget!" My boss keeps telling me.

The Sitch
General information of the situation

The Sitch

Welcome to the Sitch! (Please preview the video. Click the video icon.)

You've taken the first step of your learning journey. Read through all of the Sitch details below. Then proceed with Analysis, Solutions, Results, and Feedback. When you've provided your answers and ideas, you can request help or insights from your peers, team members, or leaders by sending an alert message. Completing all the items in the Sitch process helps you examine the work situation, issue or challenge from different angles and in effect, expands your expertise.
What's the Situation?
"Do not go over the budget. We can't afford it." says my boss. I've just been promoted and I need this project to succeed. But we're experiencing deliverable delays and additional costs. How can I manage this better?
What's the biggest challenge?
I'm new at this position, handling a new team. I don't want to fail my boss' expectations.
What's the objective?
Whether or not you're in this situation, put yourself in my place and share how you would resolve this problem.
Tags
Type and press enter to add a tag. You can add multiple at once.
Ray Jimenez    
May 29, 2018

The Sitch

Welcome to the Sitch! (Please preview the video. Click the video icon.)

You've taken the first step of your learning journey. Read through all of the Sitch details below. Then proceed with Analysis, Solutions, Results, and Feedback. When you've provided your answers and ideas, you can request help or insights from your peers, team members, or leaders by sending an alert message. Completing all the items in the Sitch process helps you examine the work situation, issue or challenge from different angles and in effect, expands your expertise.
What's the Situation?
"Do not go over the budget. We can't afford it." says my boss. I've just been promoted and I need this project to succeed. But we're experiencing deliverable delays and additional costs. How can I manage this better?
What's the biggest challenge?
I'm new at this position, handling a new team. I don't want to fail my boss' expectations.
What's the objective?
Whether or not you're in this situation, put yourself in my place and share how you would resolve this problem.
Tags
Type and press enter to add a tag. You can add multiple at once.
Ray Jimenez    
May 29, 2018