The project manager encounters a challenge to the budget.At the beginning of the project,they obtain budget approval of US$1 million broken down as follows: ? ? ? ?US$200,000 for material expens.US$100,000 for travel. ? ? ? ?US$100,000 for depreciation of capital. ? ? ? ?After the project starts,new requirements may incur an additional US$50.000 for labor.Due to budget contraints,the project manager cannot obtain additional funds for the project.Since the project schedule is tight and cannot be delayed,what should the project manager do?
A.
Negotiate with the sponsor to get enough budgeted before continuing the project.
B.
Check with the project team to get consensus before continuing the project.
C.
Ask for more time to deliver the project.
D.
Accept the budget shortage as a risk and continue the project.