How to get through a project with a smaller than expected team 

Project teams are forced to downsize for a variety of reasons. Budgets may be cutting, requiring layoffs. Team members could be fired or leaving for new roles right at the start of a project, or your project may have been deprioritized. Whatever the reason that happens, you can think of your approach as encompassing three categories: tools, management style and human needs.

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Emmanuel Abela
What to do when your project budget is cut 

Discussion of an economic recession is a guaranteed way to overwhelm a project manager. When the economy takes a downturn, cuts have to be made, usually across departments and projects. For a project team that’s already kicked off work or preparing to start, the prospect of having the budget abruptly reduced is frustrating and upsetting. This is especially true if you’ll be expected to meet the same deadlines and goals despite the change, which sometimes might be outright impossible. The key is to keep a level head and approach the situation pragmatically.

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Emmanuel Abela