A transformation project is delayed by unexpected IT issues likely affecting the budget. The project manager is trying to prevent schedule and scope changes. Which two actions should the project manager take before proposing a budget rebaseline to senior management? (Choose two.)

The project manager must first understand the full impact of the IT issues before proposing a budget rebaseline. Performing data analysis, including variance and trend analysis, helps quantify the current deviation from the plan and predict future performance. This provides objective data to support any proposed changes. Analyzing the budget using revised estimates and lessons learned from similar past situations ensures that the rebaseline is based on the most current and accurate information, incorporating historical insights to improve accuracy. Considering schedule compression techniques or resource leveling are actions that might be taken after a thorough analysis, as potential solutions, but not before understanding the full budget implications. Raising a high-priority change request is a step that would follow the analysis and formulation of a concrete proposal, not precede it.