Clarification required?

During a progress meeting, the project team learns that an identified risk materialized. The project manager decides to execute the risk response plan, but the contingency reserve does not cover the total budget for that plan.

What should the project manager do?

A.Ask the project sponsor to apply the management reserve to cover the remaining cost of the response.

B.Ask the project sponsor to provide an additional budget to compensate for the cost overage.

C.Issue a change request to modify the scope, cost, and schedule baselines to support the new plan

D.Use the contingency reserve and assess options to reduce the budget to cover the remaining work. which should be the right choice for this and why? I'm confused between last 2 options.

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