In an agile project with a fixed budget and aggressive timeline, it is crucial to prioritize the backlog effectively. The project manager should review the backlog items and decide which ones are essential to meet the project goals and deliver value. This involves evaluating each item's impact on the project's success and its alignment with the project's objectives. By focusing on the most valuable activities, the project manager can ensure that the team's efforts are directed towards tasks that will contribute most significantly to the project's outcomes, even with limited time and resources234. References: * Guide to Backlog Management for Business Analysts1. * Agile project management and the PMBOKguide2. * Agile and PMBOKguide project management techniques3. * Product Backlog Explained [+ Examples] | Atlassian4.