The customer informs the PM on a new projec that the requirements may change. These changes were not expected, and may seriously change potential sales numbers and project scope. What should the PM do?
A. Assess these risk response and update the risk register
B. Utilize forecasting.
C. Update the risk mitigation plan and use the contingency reserve
D. Use earned value management (EVM)
A. Assess these risk response and update the risk register
“May change” signals a new risk. Assessing the new risks and updating the risk register is the best first step.