A regulatory branch of an environmental government agency has recently placed a ban on the manufacturing of a specified thickness of plastic packaging products. This ban will take effect in 12 months. The project manager for a startup firm working in alternative packaging has been monitoring the progress of this law for a while and, as part of the risk management, has identified new products that can support a growing customer base.
What should the project manager do next?
- Begin a marketing campaign to sell alternative packaging after the 12-month period ends
- Organize a meeting with all stakeholders and review the stakeholder engagement plan
- Continue production processes and plan to discuss changes at the next annual target review meeting
- Inform management of the new law as an opportunity to expand market share and share the proposed products
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