Question

A project manager is leading a 12-month hybrid infrastructure project. During execution, a key regulatory change is announced that could affect several planned deliverables. The project manager notices that the risk register has not been updated since the initial planning phase three months ago, and the team continues to reference the original risk priorities. What should the project manager do FIRST?

Accepted Answer

Convene the team to reassess and reprioritize risks in light of the regulatory change and current project conditions

Answer

Escalate the regulatory change to the sponsor and request additional budget reserves

Answer

Add the regulatory change as a new risk to the register and continue with the existing response plans

Answer

Wait until the next scheduled monthly status meeting to review the impact of the change