During execution of an agile project, a project manager realizes the budget is almost completely used, but the project is not close to being completed. What should the project manager do to address this concern?
A.
Review the project time line and find opportunities to reduce the project schedule.
B.
Review the budget with the project sponsor and ask for an increase to the budget
C.
Review the backlog and find opportunities to reprioritize the work and reduce the project scope
D.
Review the resource management plan and find opportunities to reduce project costs.
In an agile project, when the budget is nearly depleted yet the project is far from completion, it is essential to review the project backlog. This allows the project manager to reprioritize work and identify any possible reductions in project scope that could bring the project back within budgetary constraints. This strategy is in line with agile principles, which emphasize flexibility and the ability to adapt to changing circumstances. By focusing on the most valuable deliverables and potentially descaling the scope, the project can still achieve its most critical objectives within the available budget.
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