PMP Practice: Assess opportunities to deliver value incrementally

Ingrid Haugen-Dahl is managing a compliance automation project for Rami Kassab Isabela Correa-Noriega. The project must deliver a regulatory reporting system that integrates with twelve legacy banking platforms by a fixed regulatory deadline in nine months. The compliance requirements are fully documented in a 400-page regulatory framework published by the banking authority, and any deviation from these requirements will result in substantial fines. The executive sponsor emphasizes that the regulatory deadline is non-negotiable and that the scope is locked based on the compliance mandate. During project planning, a team member who recently completed agile training suggests switching to an iterative approach with two-week sprints to 'deliver value faster and respond to change more effectively.' What should Ingrid do?