A project manager discovers that a critical vendor has filed for bankruptcy and will not be able to complete their contracted deliverables. The vendor's work represents 30% of the project scope and is on the critical path. What should the project manager do FIRST?

Answer options:

Immediately begin the process of finding replacement vendors

Assess the impact on project objectives and evaluate all available options for completing the work

Notify stakeholders about the vendor bankruptcy and potential project delays

Attempt to recover project assets and work products from the bankrupt vendor

How to approach this question

When facing major project disruptions, comprehensive impact assessment and option evaluation should precede specific response actions.

B.Assess the impact on project objectives and evaluate all available options for completing the work✓ Correct

Major project disruptions require comprehensive impact assessment and evaluation of all available options to determine the best response strategy.

Jumping to specific actions like vendor replacement or stakeholder communication without first understanding the full impact and available options.

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