You are a project manager
You are a project manager for an IT company in the final phases of project execution. Your project status is well within the budget and you are almost a week ahead of your schedule. During the final testing phase of the project, you realize that the performance of the product can be increased by almost 20% of the expected value by doing minor code changes in two modules. This change would require an additional 2 days of work. What should you do NEXT?
Analyze the various alternatives and do a detailed impact analysis before proceeding with the change
Update the change management form and send it to change control board for consideration
Discuss the change and impact with customer and seek his approval
Ignore the change as it is gold plating and should be avoided