QuestionQ88

VerifiedGovernance

Universal Containers (UC) Customer Community is planned to go live in the Europe, Middle East, and Africa (EMEA) region in 3 months. UC uses a typical centralized governance model. Two weeks ago, project stakeholders notified the project team of recent changes to mandatory compliance requirements needed for go-live. The project team analyzed these requirements and estimated that incorporating them will require an additional budget equal to 30% of the project cost.

Which management team is authorized to approve this additional budget requirement?

Explanation

A 30% project-cost increase to meet mandatory compliance requirements is a major funding decision. In centralized project governance, the Executive Steering Committee is empowered to approve significant budget changes and resolve high-impact escalations affecting project objectives and delivery.

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