Peter’s project is in execution. The cost management plan and the project budget were approved by all key stakeholders during the planning phase of the project. Recently, the finance manager of the company has notified Peter that his project funding might suffer as another higher priority project has been initiated by the company. Peter is surprised as his project was also a high priority project for the company. What should Peter immediately do?
A. Immediately terminate the project in the best interest of the organization
B. Put the project work on hold until the funds become available
C. Negotiate for funds with the finance manager and the project sponsor
D. Release the project team members