You are a consulting project manager and have been contracted by an investment bank to run a large information technology project that is expected to last 15 months. During the Direct and Manage Project Work process, you discover that several regulatory requirements have not been addressed in the project management plan. Failure to meet these requirements could result in legal action against the company. However, implementing the technology to comply with these regulations exceeds the budget and scope of the project, and could result in the cancellation of the project. What should you do?
A. Submit a change request to incorporate the missed requirements to the project’s scope.
B. Do not do anything as these requirements are not a part of the scope baseline.
C. Request additional funds to implement these requirements.
D. This is a classical example of scope creep and such requirements must be ignored.