On Cost Cutting Getting Ghastly
One of the hardest tasks of being a project manager is budgeting and cost cutting. With cost cutting, I mean sorting through each detail like going through Frigidaire Parts and checking out which one is still useful, which one needs repair, which one should be replaced, and which one you can make do without.
Cost cutting would have been easy if it is just involves some office perks and services. But it is pretty ghastly if it involves cutting down salaries, or worse, letting go of people you have grown attached with – and all because you need to cut cost.
My CEO and I have been debating for the past two months on how to effectively run our company without incurring lost, and based from our cost sheet, the bulk of our cost goes to salaries. Which is why if we don’t start earning money soon, I just might need to do some drastic measures. God, help me.
