Lesson Progress
0% Complete

Question: Have you ever had to execute a project with a small budget, or a lack of resources? How did you address these issues?

Tips:

a. It’s always important to budget carefully, even with a large budget.

b. Depending on your industry, different things are expensive.

c. Securing more funding is a solution, too.

Example: In 2018, we had a slow few quarters and the company looked to downsize. However, it’s more expensive long-term to make quick action to save a quarter. For instance, it’s hard to find talented workers, so instead of firing my team, we cut back auxiliary costs and reduced hours for non-essential labor.