Explanation
When a project is affected by external factors, such as changes in regulations, laws, or standards, the project manager should not ignore or delay the implementation of the new requirements, as this could result in non-compliance, penalties, or rework1. The project manager should also not add the new requirements to the project scope without following the change control process, as this could cause scope creep, increased costs, or schedule delays2. The best course of action is to review the new requirements with the compliance department, who are responsible for ensuring that the project adheres to the applicable rules and regulations3. The compliance department can help the project manager assess the impact of the new requirements on the project scope, schedule, cost, quality, and risk, and determine if a change request is needed4. A change request is a formal proposal to modify any aspect of the project, and it must be approved by the change control board before it can be implemented. References: 1: PMBOK Guide, 6th edition, p. 26 2:
PMBOK Guide, 6th edition, p. 134 3: PMBOK Guide, 6th edition, p. 29 4: PMBOK Guide, 6th edition, p. 115: PMBOK Guide, 6th edition, p. 119