Lesson 05 Dialogue Budget Tightening
Emily: I am so elated to hear this fabulous news.
Let's just say that I am more than cautiously optimistic that we can not only match but exceed all benchmarks from previous Olympics.
Peter: I agree that we have the spirit, but do we have the budget?
With all these political talks recently about the debt ceiling, I hope that new stadium is not seen asa budget buster.
Emily: That's right; now is not the time to be so frugal and tight-fisted!
However, we can leverage our net assets and use our inherent strengths coupled with wise resource allocation to make savvy decisions.
Peter: Well, we must identify threats that could cause time and cost overruns as well as accurately forecast earned value for the sunk costs.
Emily: Well said! A responsible fiscal policy is wise, but we should overcome inertia to build ambitiously. Not that smart design is any sort of panacea for public ills.
Peter: For sure! Let's make sure to fine-tune our budget to represent all fixed costs.
Emily: Well then, we need to prevent a dearth of information from posing risks.
Peter: Basically, we need a seamless plan of action.