A project manager is managing a project that has a new sponsor who is cutting the budget As a servant leader how should the project manager handle the budget cuts with the team?
A.
Notify the project sponsor that the budget reduction will require a schedule slip and scope reduction.
B.
Inform each team member that they must release a portion of their budget but must remain on schedule with no change to the scope
C.
Meet with the schedule coordinator and financial analyst to tell them which budget lines to reduce and where to release slack
D.
Collaborate with the team to assess the impact of the change on the project and recommend an updated project plan
When a project budget is cut, it’s important for the project manager to collaborate with the team to assess the impact of the change on the project1. This involves understanding how the budget cuts will affect different aspects of the project, including the scope, schedule, and quality. The project manager should then work with the team to develop an updated project plan that takes into account the reduced budget2. This approach aligns with the principles of servant leadership, which emphasize collaboration, team empowerment, and shared decision-making. References:
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