You are the project manager at a large investment bank. Your current project involves developing a creative financing solution for a large bio-tech company in order to facilitate the acquisition of another company. Specifically, your project involves issuing convertible debt securities in order to access a new pool of low-cost capital. This transaction is the largest ever convertible transaction in the bio-tech company.
Fortunately, your project is a head of schedule and below budget, with a CPI of 1.5 and SPI of 1.2. Hence, you have some flexibility to accept a new work without delaying your current project or exceeding the project budget. Midway through your budget, one of the stakeholders of your project issues a change request to the change control board to add a new task to your project. Specifically, the new work involves developing the risk control system to manage the client company’s pension plans.
Although you have flexibility to accommodate the work change, you don not understand how the new work fits within the existing project for your current charter. After evaluating the change request, you determine that work is self-contained with no overlap between the existing work and new work.
Furthermore, different skill sets are required to implement the change request. Which of the following is the BEST plan of action in this scenario?
A. Identify the project objectives and create the preliminary project scope statement
B. Identify the specific changes that are required in order to implement the change requests
C. Implement the corresponding corrective actions associated with the change requests
D. Re-evaluate the impact of the change requests on the project budget and project schedule
E. Re-plan the project based on the newly added request
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