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Use Skype or instant messaging to meet your colleagues virtually. The collaboration features built
in to ProjectManager.com will make it easy for your team to work together without being in the
same location. If you used to travel a lot, this tip alone will drastically reduce your budget.
Use an expense monitoring tool to track regular outgoings (such as fees for consultants or monthly
licence payments) along with one-off spend, and organize it by category so you can see where the
majority of your funding is going.
When you do make a project change that affects your budget, make sure that everyone is aware
of the impact. If you need to dip into your contingency fund or business reserve then let your
sponsor know.