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Coveport Logistics is managing a hybrid transformation. The adaptive component is currently showing an SPI of 0.82, and the projected cost at completion will hit the 110% governance 'kill point' for the business case.

What should the project manager do?

  1. Directly inform the client that the project will be terminated due to the 110% cost breach.
  2. Rebaseline the adaptive workstream budget to 120% to remove the immediate threat of project termination, while documenting the decision in the issue log.
  3. Evaluate if the remaining MMF can be delivered within the remaining budget to preserve the business case value.
  4. Request that the teams increase their velocity by 20% to recover the schedule without spending more.

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