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A project manager has been assigned to a project after the charter has been approved. While reviewing the charter with the team, the project manager finds that some major budget items, necessary for achieving the project outcome, have been missed. What should the project manager do next?
Correct Answer: D
According to PMI's best practices, a project manager should communicate any discrepancies found in the project charter, especially those related to the budget, as soon as possible. It is crucial to address these issues early on to avoid future risks and to ensure that the project has all the necessary resources for successful completion. The project manager should not start the project with known gaps in the budget or reduce the quality of deliverables to compensate for budgeting errors. References: PMI's A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition.