A project manager must deliver a challenging project on time and on budget by empowering team members, removing organizational impediments, and facilitating collaboration. How should the project manager lead the project?

The project manager should use a servant leader approach. This style focuses on serving the team by removing impediments, fostering growth, and facilitating collaboration, which directly aligns with empowering team members and ensuring project success within constraints. Acting as the project owner is incorrect because the project owner typically represents stakeholders and defines product vision, not primarily empowering the team or removing impediments. Performing the project sponsor's activities is incorrect as the sponsor provides funding, high-level guidance, and approves major changes, which differs from day-to-day team empowerment. Assuming the functional manager role is incorrect because a functional manager focuses on departmental operations and direct reports, not necessarily cross-functional project team empowerment or impediment removal.