ABSTRACT
In today's highly competitive environment, there are increased pressures to minimize costs without sacrificing quality. As a manager, you will have to recognize cost-cutting opportunities and exercise sound judgment about what can and cannot be cut. Before you make any changes, however, you need to understand the goals of your organization, the nature of the company's projects, and the various personnel that make the efforts successful. Carefully study your operations and collect information from your employees, customers, and suppliers before you make any decisions.
