Question

Midway through a two-year financial-services platform project, a government agency announces a new tax-reporting mandate that will take effect before the project's planned go-live. The mandate does not change the current project scope, but it creates a significant new market opportunity: institutions that can report under the new format quickly will gain a competitive advantage. The sponsor asks the project manager how the team should respond. What should the project manager do FIRST?

Accepted Answer

Assess how the regulatory change affects the project's business value and benefits, then bring the analysis to the sponsor to inform scope and priority decisions

Answer

Immediately add the new tax-reporting capability to the current sprint backlog so the team does not lose momentum

Answer

Log the announcement as a new risk in the risk register and continue with the current plan until the mandate is finalized

Answer

Escalate the change to the change control board with a formal change request to expand the project scope