The project manager received a request to add features to the product. The team is fully allocated and there is no budget for additional resources. What approach should the project manager take?

The best approach is to discuss the problem with the team and decide how to do the work together. This aligns with agile principles of self-organizing teams and collaborative problem-solving. The team is closest to the work and can best assess the impact of the new features, identify potential solutions (e.g., re-prioritization, scope negotiation, alternative approaches), and commit to a realistic plan. Asking the team to accelerate iterations or demanding improvements without their input is unsustainable and can lead to burnout. Recommending a budget increase might be a solution, but it should come after exploring internal options and understanding the full impact with the team.