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if project exceeded its estimated cost, How it can be managed?
Take measures to improve the productivity , analyze the improvement of further profitability from other items, reduction of scope of loss items, deployment of optimum resource etc.,
the first step would be to minimize the losses. To ensure the proper use of the budget every opportunity to gain any salvage money should be taken.
then the duration of the project completion shall be minimized by utilizing the proper and skilled man power.
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