Question

A mid-size predictive project has an established governance structure with a steering committee that meets monthly. Midway through execution, the project manager discovers that a key regulatory deliverable will not meet a legally mandated deadline unless additional funding is approved within two weeks. The next steering committee meeting is three weeks away. What should the project manager do first?

Accepted Answer

Log the issue in the issue log and invoke the governance escalation path to convene an expedited steering committee decision

Answer

Wait for the next scheduled steering committee meeting and present the funding request as a formal agenda item

Answer

Reallocate funds from the contingency reserve without approval to keep the deliverable on schedule

Answer

Reduce the scope of the regulatory deliverable so it can be completed within the existing budget