What steps will you take to address the potential cost overrun?

To address potential cost overruns, I will first conduct a thorough review of the project budget and identify areas where expenses may exceed projections. Next, I'll implement strict monitoring of expenditures and timelines to ensure we stay on track. Additionally, I will engage with team members to explore cost-saving measures and prioritize essential tasks. Finally, if necessary, I will communicate with stakeholders to discuss potential adjustments to the project scope or funding.