Question: You are managing a team developing a software product. You have contracted out a portion of the development. Midway through the project you learn that

You are managing a team developing a software product. You have contracted out a portion of the development. Midway through the project you learn that the contracting company is entering Chapter I I. A manager from the subcontracting company assures you that the state of the company will not affect your project. What should you do FIRST?

A. Perform additional risk response planning to control the risk this situation poses.

B. Stop all pending and future payments to the subcontractor until the threat is fully assessed.

C. Contact your legal department to research your options.

D. Meet with senior management to apprise them of the situation.

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