ExpertPMP · Question 70 · Task 3: Evaluate and address external business environment changes for impact on scope
A project manager is leading a financial services software development project when new data protection regulations are announced that will take effect in 18 months. The regulations require significant changes to data handling, user consent processes, and audit capabilities. The current project is 50% complete and scheduled to finish in 12 months. Initial analysis suggests the regulatory changes could affect 45% of the planned functionality. What should the project manager do FIRST?
A project manager is leading a financial services software development project when new data protection regulations are announced that will take effect in 18 months. The regulations require significant changes to data handling, user consent processes, and audit capabilities. The current project is 50% complete and scheduled to finish in 12 months. Initial analysis suggests the regulatory changes could affect 45% of the planned functionality. What should the project manager do FIRST?
Answer options:
Continue with the current project plan and address regulatory compliance in a subsequent project phase
Conduct a detailed regulatory impact assessment to understand specific scope changes required and develop comprehensive response options
Immediately halt the project until the full regulatory requirements are clarified and understood
Extend the project timeline by 12 months to accommodate the regulatory changes and compliance requirements
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