PMI Project Management Professional Practice Question
During the execution phase of a project, a new government regulation is announced that impacts the materials used in the project's product. What is the FIRST action a project manager should take to address the change in the project's external business environment?
Revise the project schedule and budget
Request additional funds to cover potential costs associated with the regulation
Inform all stakeholders about the new regulation
Assess the impact of the new regulation on the project scope/backlog