Drawdown (project)

A Drawdown in project management refers to the reduction of resources, funds, or scope from the original plan as part of managing costs, risks, or progress. It involves subtracting elements or reducing levels to meet specific goals, budgets, or constraints. Think of it as trimming or scaling back parts of a project to ensure it stays feasible or aligned with objectives. This process helps project managers control budgets, adapt to challenges, and optimize resource use without compromising essential outcomes.