A project manager is assigned after the charter is approved and finds major budget items necessary for the outcome were omitted. What should the project manager do next?

The project charter authorizes the project and defines its high-level budget. If critical budget items are missing, the project manager must address this immediately with the project sponsor, who has the authority to approve changes to the charter and budget. This proactive approach ensures the project has the necessary resources from the outset, preventing future issues. Adding items to a risk log is insufficient as this is a known omission, not just a potential risk. Starting the project with known budget deficiencies is irresponsible and will lead to problems. Reducing quality or scope without sponsor approval is unacceptable and compromises project objectives.