Question: You are a project manager in a balanced matrix environment. Towards the end of implementing your project plan, an unexpected and unidentified risk event has

You are a project manager in a balanced matrix environment. Towards the end of implementing your project plan, an unexpected and unidentified risk event has occurred. It has significant impact and cannot be ignored. What should you do next?

Stop the project and contact your sponsor

Contact your project team and create a work-around

Contact your project team and redefine your utility model

Contact your project team and evaluate your documented sensitivity analysis

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