A project manager of a particular project receives formal notification that a vendor has gone
out of business. New vendors with similar products at similar costs have been identified.
Which of the following should the project manager do FIRST?

A.
Communicate the issue with the project sponsor following the project communications
plan, call a project team meeting to discuss alternatives and update the project
management plan.

B.
Call a stakeholder meeting following the project communications plan to urgently review
the project schedule; update the project management plan.

C.
Initiate RFQs to qualified vendors, update the project management plan and
communicate the issue with the project sponsor following the project communications plan.

D.
Undertake a make-or-buy decision analysis; communicate the issue with the project
sponsor following the project communications plan.