1Q2020			2Q2020			3Q2020			4Q2020
Budget Line Item	Jan-20	Feb-20	Mar-20	Apr-20	May-20	Jun-20	Jul-20	Aug-20	Sep-20	Oct-20	Nov-20	Dec-20
Salaries	$120,000	$135,000	$150,000	$150,000	$165,000	$180,000	$210,000	$240,000	$270,000	$270,000	$225,000	$165,000
Contractor labor					$75,000	$105,000	$120,000	$135,000	$120,000	$120,000	$105,000	$75,000
Prototypes Rev 1 (qty 20, $5,000 each)						$100,000
Lab materials to be used with prototypes (Rev 1)					$60,000
Equipment rental to test prototypes						$10,000	$10,000	$10,000	$10,000	$10,000	$10,000	$10,000
Prototypes Rev 2 (qty 40, $5,000 each)									$200,000
Lab materials to be used with prototypes (Rev 2)										$120,000
Compliance testing							$5,000			$10,000
Beta testing expenses												$10,000
Marketing expenses												$20,000
Month totals	$120,000	$135,000	$150,000	$150,000	$300,000	$395,000	$345,000	$385,000	$600,000	$530,000	$340,000	$280,000
Quarter totals			$405,000			$845,000			$1,330,000			$1,150,000
Year total												$3,730,000
Change Made	Assessment of the risk to the project
1. Change 1
2. Change 2
etc.

It is April 2020 and your companys Chief Financial Officer (CFO) is very nervous about the companys financial picture for 2Q2020 based on what is happening with the COVID-19 virus. Governments are starting to impose restrictions that are impacting employment and the recently robust economy is starting to falter. The Sales VP is signaling weak customer demand for the companys products based on sales pipeline reports from the sales regions as customers are nervous about the economic outlook as well.

The CFO wants to immediately cut company expenses by 10% in 2Q2020. Your business units finance partner has approached you with that directive and has informed you that you need to reduce your projects planned expenditures in 2Q2020 by 10%. This reduction only applies to 2Q2020 and does NOT affect your projects overall cost baseline, allowing you to move expenses to future quarters. The finance partner needs you to determine how you are going to do that and report back the next morning so that an aggregate reduction implementation plan can be presented to the CFO.