An executive sponsor of a partially completed IT project has learned that the financial assumptions supporting the project have changed. Which of the following governance actions should be taken…

When financial assumptions supporting a partially completed project change, scheduling an interim project review is the first governance action an executive sponsor should take. This review allows for an immediate, comprehensive assessment of the impact of the changed assumptions on the project's viability, scope, schedule, and remaining budget, enabling informed decisions on how to proceed.

Requesting a risk assessment is a part of the review, but the *review itself* is the first governance action to gather all relevant information and perspectives.

Re-evaluating the project in the portfolio is a consequence of the review's findings, not the initial action when new information surfaces about a single project.

Requesting an update to the business case is a subsequent action that would be informed by the interim project review, which establishes the extent and nature of the financial changes.