PMP Practice: Obtain Stakeholder Agreement on Scope

Tala Reyes-Aquino is managing a regulatory compliance software project for Ginger Hyperdrive Inc, a financial services technology company. The project has two distinct components: (1) a compliance reporting module that must meet strict regulatory standards with fixed requirements documented by the legal team, and (2) a user-facing analytics dashboard where business users want to experiment with visualizations and workflows based on market feedback. The compliance module deadline is non-negotiable due to a regulatory enforcement date in eight months. The analytics dashboard has flexible timing but high stakeholder interest in iterative refinement. The executive sponsor has asked Tala to define the scope approach for both components. Which approach would be most appropriate for managing scope across this project?