Question: Offering employee trainings and development programs will equip employees with new skills and awareness about potential employee incidents at the workplace. In addition to that,

Offering employee trainings and development programs will equip employees with new skills and awareness about potential employee incidents at the workplace. In addition to that, offering employees training programs will reduce the employee turnover rate as they will see in there learning and growth opportunities. The skills and knowledge gained will help in making their work easier and faster. Rewarding and recognizing employees after achieving a milestone during the project will contribute to their motivation and productivity, and therefore, avoid or reduce the employees' turnover risk (Myers, 2024). To avoid budget overruns, there are different strategies that can be adopted. Conducting thorough research and analysis during the project planning process will help make accurate estimations in the budget. Anticipating potential challenges through scenario planning during the project planning process is also another essential strategy to avoid unexpected cost overruns. Also, planning contingency reserves is another good practice that will help reduce unforeseen challenges. Constantly monitoring how resources are being used and other project metrics will help avoid a budget overrun (Whiting, 2024)

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