A project manager has been assigned to a project after the charter has been approved. While reviewing the charter with the team, the project manager finds that some major budget items, necessary for achieving the project outcome, have been missed.
What should the project manager do next?

Question

A project manager has been assigned to a project after the charter has been approved. While reviewing the charter with the team, the project manager finds that some major budget items, necessary for achieving the project outcome, have been missed.

What should the project manager do next?

Jim Balkwill · Accepted Answer

Immediately discuss this with the project sponsor and request to revisit the budget to ensure its accuracy

Jim Balkwill · Answer

Add the missing budget items to the risk log and present them in the next project steering committee

Jim Balkwill · Answer

Start the project and deal with these budget issues as they arise throughout the project life cycle

Jim Balkwill · Answer

Reduce the quality and cost of other deliverables to allow additional budget for the items that were missed

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