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Conflict between desired deadline and what's possible

I have a conflict between the deadline the executives want this project to hit and what the team says is possible. How do I resolve this?
Although you may not yet be at a standoff, you do need to resolve this issue quickly and effectively, to keep the team from losing trust in you and your ability to lead this project. One great way to lose their trust is to ignore the issue, charge on to make the executives happy at all costs, and just try to "fit the 10 pounds into the 7-pound bag." This situation is not uncommon and should be addressed…

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