You are in charge of a new software development project. During a project team meeting, one of the developers expresses concerns about potential security vulnerabilities arising from outdated third-party libraries. What should you do FIRST as part of the 'Identify Risks' process?
Place the demand in the backlog until security testing can be done.
Document the concerns as risks, including their nature and potential impact on the project.
Advise the developer to upgrade the library and submit a code change request.
When concerns about potential security vulnerabilities are raised, the first step should be to document them. This involves recording the characteristics of the risk, such as its nature, probability, potential impact, and any other relevant information. Documentation provides a foundation for subsequent risk analysis and prioritization.
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