What will this probably mean for your project?

Your management is applying the percent solution: It has requested that youreduce the budget for the project which you are currently initiating by%. 

A. If the budget is cut by%, then the project will have an accompanyingdegradation of quality by%.B. If the project budget is an honest one, then a reduction in budget must be accompanied by a trade-off in either time or performance.C. A% reduction in budget will be accompanied by a loss of performance much less than the target reduction in cost.D. Most projects have "padded" estimates, and the budgetary reduction will forceout the padding from the project.