During a project, significant changes to the project's scope have occurred due to external factors, causing major impacts on the schedule and budget. What should the project manager do to appropriately integrate these changes into the project management plan?
Make minor revisions to the existing baseline to accommodate the changes.
Adjust the project plan and establish a new baseline to reflect the major changes.
Reject the changes to maintain the original project objectives.
Update the project plan but continue to track progress against the original baseline.
Establishing a new baseline is necessary when substantial changes affect the project's scope, schedule, and budget. This process, known as rebaselining, allows the project manager to measure and control the project accurately against the updated objectives. Simply updating the project plan without adjusting the baseline would not reflect the new parameters, and making minor revisions to the existing baseline is insufficient for major changes. Rejecting unavoidable changes due to external factors is not a practical solution.
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