What strategy was employed to manage a project with a tight budget?

The correct answer is the strategy of identifying cost-saving measures and tracking expenses. This approach is effective because it allows project managers to stay aware of budget constraints while actively looking for ways to optimize spending. By carefully monitoring where funds are allocated, project managers can make informed decisions about resource allocation and identify areas where costs can be minimized without sacrificing quality or key deliverables.

Additionally, tracking expenses consistently helps in recognizing any potential overspending early in the project, which can lead to proactive adjustments and prevent budget overruns. This strategy promotes a thorough understanding of the project's financial landscape and empowers the team to take action based on real-time data, fostering a culture of accountability and fiscal responsibility.

The emphasis on tracking expenses and identifying cost-saving measures directly contributes to successfully managing a project within tight budget constraints.