During the execution of a large project across multiple domains, an identified risk is realized. What should the project manager do next?

Your project team has just received the sponsor's approval of the scope statement. What is the next step?

Midway through implementation of a construction project, a supplier fails to deliver cement and jeopardizes the project schedule. The construction team leader asks the project manager to implement a contingency plan.
What action should the project manager take?

Project Risk _____ .

A new project manager joins a project in progress. The project manager is unclear about what environmental factors may impact effective information reporting to key stakeholders.
What should the project manager reference to understand these impacts?