It is June 2nd, 2024 and Company ABC is launching a new project that needs to be completed by August 1st, 2024. In the past, new projects were usually given to the company a year in advance. The company has a tight budget due to the fact that they've overspent on past initiatives so far this year. What is Company ABC's best option? Group of answer choices Reduce the project's quality requirements to reinforce the timeline, but this would likely have an opposite impact on costs and compromise the project's effectiveness. Cut costs and budget parameters, which would reinforce the timeline but negatively impact the quality of the project. Renegotiate the project timeline with stakeholders to allow for proper planning and budget allocation, ensuring quality standards are met without compromising the budget Seek additional funding or partnerships to supplement the budget, disregarding the need to adjust the timeline and potentially worsening the financial strain on the company