medium · Project Management Professional Hybrid Approaches
At Larkspur Health, the hybrid project manager sees that the adaptive software workstream has hit its MMF milestones, but the total project budget is 9% over. The PM's authority is 10%.
What should the PM do?
- Re-allocate the remaining 1% of authority to a different, struggling project in the portfolio, before confirming the relevant stakeholders agree.
- Document the final cost position and prepare the closure report, ensuring the sponsor is aware of the 9% variance.
- Ask the sponsor for an 'Early Closure' bonus because the project finished under the 10% limit.
- Continue the project until the full 10% authority is spent to deliver more features.
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