When faced with a critical project that has too many requirements to be delivered on time, the project manager should prioritize the work. The first step is to identify the core functionalities that will deliver value to the customer and propose a Minimum Viable Product (MVP). This approach allows the team to focus on delivering a product with enough features to satisfy early adopters, which is crucial for projects with strict deadlines. It also provides an opportunity for early feedback that can be used to improve the product in subsequent iterations1.
References: = The concept of MVP is well-aligned with agile project management practices, which are part of the PMP certification content. The PMBOK Guide and Agile Practice Guide, which are foundational standards for the PMP exam, advocate for delivering value early and continuously improving based on stakeholder feedback