Budgeting Time and Valuing Risk Management

 You have been assigned to analyze the project plan of a payroll system  that is behind schedule and over budget. The project was supposed to be  completed in one year, but now it is running about three months behind  schedule and 25 percent over budget. It is expected that the project may  continue to fall further behind schedule and over budget. Your superior  wants to know if the project can be saved. Recommend a series of  actions to save the project, and identify the risks in taking such an  approach