Explanation
The project manager should schedule a meeting with the product owner, discuss priorities, and decide if anything from the backlog can be eliminated, based on current constraints, due to the sudden slump in the economy and the need to implement cost-reduction measures. This way, the project manager can align the project scope and deliverables with the changed business environment and stakeholder expectations, while minimizing the impact on the project valueand quality. The project manager can also use agile techniques, such as MoSCoW prioritization, to determine what features are must-haves, should-haves, could-haves, and won't-haves for the project. The project manager should not continue the current sprint without interruption, allow the project team to decide on the best path forward, or meet with the sponsor for guidance, as these options may not address the urgency and importance of the situation and may lead to wasted resources, misaligned goals, or delayed decisions. References: PMBOK Guide, 6th edition, page 177, Top 60+ PMP Exam Questions and Answers for 2023 - KnowledgeHut