When a project manager identifies a delay, especially one with external dependencies, it is crucial to assess the situation and its potential impact on the project. Reviewing the lessons learned from similar past projects can provide insights into handling such delays and mitigating risks. Updating the risk log is a proactive measure to document the issue and its potential implications, which should then be communicated to the client during the risk management meeting. This approach aligns with best practices in project risk management, where timely communication and documentation are key to effective risk handling.
References: = The information is based on the principles of project risk management as outlined in the PMBOKGuide and the Professional in Business Analysis (PMI-PBA) reference materials, which emphasize the importance of learning from past projects and maintaining accurate and up-to-date risk documentation1234.