Murphy's Law: What Can Go Wrong, Will

You come into the office in the morning to find a message from the executive sponsor of your project asking you to come see him urgently. The meeting begins with the usual pleasantries; "How's your family? How's the weather? How's the team doing? How's the project going? etc" but you can sense that something is amiss.

The bomb drops.....

Due to new urgent priorities, your project budget has been cut by 25% and 33% of your resources are being reassigned. You have 48 hours to redo your project plan and present it to the steering committee.

After you go back to your office, compose and delete 3 emails resigning and then take a walkabout to clear your head, what do you do?

Describe the changes you will make to your project in time, scope or cost and the impact that will have on the objectives that were agreed in the charter.

Also, include a table detailing the changes with monetary or percentage values and totals.

For this assignment, DO NOT redo your project plan. Simply write a short paper (2 - 3 pages or so) that describes the changes that you will have to make and the impact.