The project manager should perform a qualitative risk analysis to assess the probability and impact of the resource availability problem on the project objectives. The project manager should also identify the triggers and warning signs of the risk, and assign a risk rating or priority to the risk. This will help the project manager to determine the appropriate risk response strategy and plan accordingly. Updating the issue log may not be sufficient, as it does not address the uncertainty and potential impact of the risk. Performing a root cause analysis may not be necessary or feasible, as the resource availability problem may be beyond the project manager's control or influence. Implementing a risk response plan may be premature, as the project manager should first analyze the risk before taking any action. References:
* A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Seventh Edition, Chapter
11: Risk, Section 11.3: Assess Risks
* Professional in Business Analysis (PMI-PBA)Handbook, Section 2.3: Domains and Tasks, Domain 5:
Evaluation, Task 6: Assess Solution Limitations
* Professional in Business Analysis (PMI-PBA)Examination Content Outline, Domain 5: Evaluation, Task 6: Assess Solution Limitations