Explanation
= According to the PMBOK Guide, 7th edition, an issue is a point or matter in question or in dispute, or a point or matter that is not settled and is under discussion or over which there are opposing views or disagreements1. An issue log is a tool that records and tracks issues that arise during the project and require resolution2. The project manager should review and update the issue log regularly, and determine the appropriate actions to resolve the issues, such as finding alternative solutions, escalating to higher authority, or negotiating with stakeholders3. Therefore, the project manager should review and update the issue log and determine if any alternative components can be offered, to minimize the impact of the vendor delay on the project schedule. This is also consistent with the project management principle of being proactive and responsive. References:
1: PMBOK Guide, 7th edition, Glossary, p. 309
2: PMBOK Guide, 7th edition, Chapter 5: Monitor and Control Project Work, p. 97
3: PMBOK Guide, 7th edition, Chapter 5: Monitor and Control Project Work, p. 98-99
4: PMBOK Guide, 7th edition, Chapter 1: Introduction, p. 9