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A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current

A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects. What should the project manager do in this situation? Take advantage of this opportunity of improving the project performance. Outsource the implementation of the new technology as soon as possible. Escalate this initiative to project decision makers and sponsors. Accept the fact that there is a risk associated with this new technology

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