PMP Guide — Empowering Project Managers
ProcessPredictiveMediumECO: Process Task 3.2

PMP Practice Question: Process — Predictive, Medium

You are managing a software implementation project for a government agency using a waterfall approach. The requirements documentation has been approved and baselined. During the design phase, the compliance officer identifies a new regulatory requirement that was published last month and will be effective in three months. Implementing this requirement would require changes to 15% of the approved requirements and add approximately $75,000 to the $500,000 budget. The project is currently on schedule and within budget. What should you do FIRST?

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