You are a software project manager and have been contracted by a manufacturing company to run a large information technology project that is expected to last $18$ months. During the requirements discovery process, you discover that several regulatory requirements have not been addressed in the project plan. Failure to meet these requirements could result in legal action against the company. However, implementing the technology to comply with these regulations exceeds the scope and budget of the project, and could result in the cancellation of the project. As a project manager what are some of the critical issues that you will undertake? $(6$ Marks$)$