Adjust the project plan to reconcile available and estimated resources.

To establish a project that is feasible, obtain commitment from relevant stakeholders and reconcile differences between estimates and available resources. Reconciliation is typically accomplished by lowering or deferring technical performance requirements, negotiating more resources, finding ways to increase productivity, outsourcing, adjusting the staff skill mix, or revising all plans that affect the project or its schedules.

During supplier selection and negotiation of the supplier agreement, the acquirer reconciles overall project work and resource levels based on proposals from the supplier. Following completion of the supplier agreement, the acquirer incorporates supplier plans at an appropriate level of detail into the project plan to support the alignment of plans. For example, an acquirer may incorporate major supplier milestones, deliverables, and reviews.

Typical Work Products

1.    Revised methods and corresponding estimating parameters (e.g., better tools and the use of off-the-shelf components)

2.    Renegotiated budgets

3.    Revised schedules

4.    Revised requirements list

5.    Renegotiated stakeholder agreements