A large global organization developed a new medical implant that requires compliance with local government regulations. The approval process for one country is lengthy and will impact the intended launch date.
What should the project manager do?
A.
Organize an online distribution channel from another country.
B.
Ask the sponsor to authorize the launch and then wait for approval.
C.
Ask the board to use their influence and speed up the approval.
D.
Work with the team to find ways to bypass the regulations.
Compliance with local government regulations is crucial for the ethical operation of businesses and to avoid legal issues, reputational damage, and financial losses12. The project manager should engage in a proactive approach to understand and align the project with regulatory requirements, which may include seeking guidance from legal professionals or compliance consultants, and developing a robust compliance framework tailored to the specific needs of the project34. Bypassing regulations is not advisable as it can lead to significant fines or prosecution5. References: = Project Management and Regulatory Compliance2; Ensuring Compliance with Laws and Regulations4; Business Analysts: Do You Understand Your Regulatory Environment?5.
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