A project manager is overseeing a large construction project that involves multiple international suppliers. Recent geopolitical tensions have escalated between two critical supplier countries which may affect the delivery of key materials. What should be the project manager's first course of action?
Assess and prioritize impact on project scope or timeline
Plan a meeting to develop new sourcing strategies
Negotiate higher budgets with stakeholders in anticipation of raised costs
Start analyzing current import conditions and tariffs for alternative logistics planning
The correct answer is to assess and prioritize impact on project scope or timeline. This step is essential as it allows the project manager to understand the extent of potential disruptions and to strategize accordingly. Analyzing the import conditions may be a good next step, but it isn't the first priority. Planning for an alternative sourcing strategy is critical but only comes after understanding the scope impact. Negotiating higher budgets or schedules escalation can be counterproductive at this stage without a full impact assessment.
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