What to do When you get Pressure to Reduce Your Project Budget

The video discusses the challenges project managers face due to economic pressures affecting budgets. It explores strategies to manage costs by adjusting time, quality, and scope. The video emphasizes the importance of negotiation and risk management in cost reduction, encouraging project managers to find flexible solutions rather than outright refusals.

Discuss the importance of stakeholder negotiation in project management.

What strategies can a project manager employ when faced with budget cuts?

What does it mean for a project manager to say 'yes' in the context of budget constraints?