A new project needs to be kicked off in an organization that has regulatory requirements defined in their organizational governance process. How should the project manager define the project governance?
A.
Ask the project management office (PMO) if the regulatory requirements can be ignored.
B.
Update the project governance to include the current regulatory requirements.
C.
Customize all of the regulatory requirements to fit within the specific project governance.
D.
Update some of the regulatory requirements to fit within the project governance.
When dealing with regulatory requirements in an organization, it is essential for the project manager to align the project governance with the existing regulatory framework
Ignoring or customizing the regulatory requirements might lead to non-compliance and potential risks for the project. Options C (customizing all regulatory requirements) and D (updating some regulatory requirements) should be approached cautiously. While there may be room for customization, it is crucial to ensure that the project governance remains aligned with the necessary regulatory standards. Incorporating the regulatory requirements into the project governance ensures that the project is conducted in accordance with the organization's policies and complies with external regulations.
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