After 1 year Into the life cycle of an ongoing residential project, an announcement was received from the municipality regarding a new regulation that will greatly impact the project's schedule and budget. What should the project manager do next?
A.
Perform a qualitative risk analysis and update the risk register.
B.
Submit a change request through the Integrated change control process.
C.
Update the issue log and discuss It in the next steering committee meeting.
D.
Estimate the associated costs and increase the project budget accordingly.
A change request is a formal proposal to modify any document, deliverable, or baseline of a project. A change request should be submitted when a change is needed due to an external or internal factor, such as a new regulation, a stakeholder request, or an error correction. The Integrated change control process is the process of reviewing and approving all change requests, and managing the changes to the project management plan, project documents, and project baselines. The project manager should submit a change request through the Integrated change control process as the next step after receiving the announcement from the municipality, as this will ensure that the change is properly evaluated, approved, and communicated to the relevant stakeholders. Performing a qualitative risk analysis, updating the issue log, or estimating the associated costs are not the next steps that the project manager should take, as they do not address the need for a change request or the approval of the change. References: [PMBOK® Guide 6th Edition], page 115; Project Management Professional (PMP) Exam Questions for 2022, question 23.
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