Convert the following theoretical answers to step-by-step action-based narrative

You are the project manager of a team of software specialists working on a project to produce a piece of application software in the field of project management. Give some examples of things that might go wrong on such a project and the sorts of trade-offs you might have to make.

During a project of this nature, factors that go wrong could occur, such as, for example, lack of people trained in technical issues for software development, other internal factors such as changes in the initial budget due to new challenges presented in project development. Conflicts of interest by the members of the project team. It could also be affected by external factors, such as changes in customer requirements, which would affect the time and budget of the project plan.

Project Management