A project for developing software for a retail company's procurement system is in the initiation phase. The project sponsor has expressed concern that the forecasted project implementation date coincides with the company's financial budget planning period.
Which two actions should the project manager take next to address this concern? (Choose two.)
The project manager should first facilitate a risk workshop with all stakeholders to identify and assess the risks to the project. This ensures a comprehensive understanding of all potential issues, including the concern about the project implementation date coinciding with the financial budget planning period, and engages all key stakeholders in the risk management process. Additionally, logging the concern as a risk in the project risk register and assessing its impact and severity will help in actively managing and mitigating this risk throughout the project lifecycle. This structured approach allows for the development of a risk response plan and keeps the sponsor informed about the actions taken to address the concern.
B AND D
B and C
B. Facilitate a risk workshop with all stakeholders in attendance to identify and assess all risks to the project. C. Log the concern as a risk in the project risk register and assess the impact and severity of the risk. In this situation, the project manager should proactively address the concern by engaging stakeholders in a risk workshop to identify and assess potential risks to the project. This includes assessing the risk related to the project implementation date coinciding with the company's financial budget planning period. Logging this concern in the project risk register and assessing its impact and severity will provide a structured way to manage and mitigate the risk throughout the project lifecycle. It allows the project manager to develop a risk response plan and keep the sponsor informed about the actions taken to address the concern.