During the planning phase of a project, the project manager learns that there are new industry regulations that could affect the project outcomes. What is the BEST action for the project manager to take?
Expect the project team to adjust to the regulations without changing the plan.
Ignore the regulations since they were not in place during project initiation.
Assess the impact of the new regulations and update the project plan accordingly.
Proceed with the original plan and address regulations during project execution.
The project manager should assess the impact of the new regulations and update the project plan accordingly. This proactive approach ensures the project remains compliant with legal requirements and avoids potential legal or financial repercussions. Ignoring the regulations, postponing action, or expecting the team to adapt without guidance can lead to non-compliance and project failure.
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What are industry regulations?
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How can a project manager assess the impact of new regulations?
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What could happen if a project manager ignores new regulations?