PMP Practice: Establish Governance Structure and Policies

Min-Ji Lee is leading an agile initiative at Saffron Thunderbolt Inc to develop a sustainability tracking dashboard for retail clients. During the project kickoff, the Kofi Boateng-Owusu Officer insists that all feature releases must undergo a formal two-week regulatory review before deployment, citing industry compliance requirements. However, the Product Owner, who represents three pilot customers, emphasizes that rapid iteration and weekly releases are essential to gathering feedback and proving value quickly. The executive sponsor has delegated governance decisions to Min-Ji but expects the project to demonstrate measurable customer value within 90 days while maintaining full regulatory compliance. What approach should Min-Ji take to establish project governance?