As a project manager during the execution phase, you discover that the project is not meeting its scheduled milestones, and there is a significant disparity between actual and planned progress. To determine the causes of these discrepancies and devise a plan to realign the project with its objectives, which action should you take?
Performing a gap analysis enables the project manager to identify the differences between the current performance and the planned objectives. This process helps uncover the root causes of delays and formulates strategies to bring the project back on track. Updating the communication plan may improve information flow but doesn't directly address the underlying issues causing the delays. Conducting a team performance review focuses on individual or team performance without necessarily identifying process or plan misalignments. Adjusting the project budget might be necessary after identifying the issues, but it doesn't help in pinpointing the reasons for the current discrepancies.
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What is a gap analysis and how is it conducted?
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What are some common causes of project delays?
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What strategies can I implement to realign a project with its objectives?