The organization is using a predictive approach to develop a component as defined in the scope management plan. Because regulatory requirements change frequently, the development team requests using agile methods. What should the project manager do about the team's request?

The correct answer is to analyze the requirements that will need to be addressed under the requested method. Before making any changes to the project's approach, the project manager must understand the implications of adopting agile methods, especially given the frequent regulatory changes. This analysis helps determine feasibility, potential benefits, and risks. Escalating for financial resources or asking the sponsor for approval are premature without understanding the full scope of the change. Sending the request to the PMO to update organizational process assets is not the immediate next step; the project manager needs to assess the impact on this project first.