Recovery Steps to Project Over-Budget

1. Stop the bleeding

1.1. Why did this happen?

1.2. What is the cause of this?

1.3. Who caused the over budget?

2. Assess the impact

2.1. Corrective ways

2.1.1. Solutions

2.1.2. Recommendations

2.1.3. Alternatives

3. Change the plan

4. Inform team members

5. Notify the change to stakeholders

5.1. inform on the impact

5.2. inform on what's currently happening

5.3. provide them alternatives & solutions

5.4. recommend new ideas

5.5. facilitate their decisions

6. Inform the team