The team members have notified the project manager of several risks which may have a significant impact upon the project. Which of the following should the project manager do FIRST to address these ri

Managing risks with the lowest impact first is inefficient and leaves the project vulnerable to more significant threats that could derail it.

Recommending project cancellation should only be considered as an extreme last resort after all other risk mitigation and response strategies have been exhausted.

Ignoring risks is irresponsible and can lead to unforeseen problems, cost overruns, delays, and potential project failure.

In risk management, the most effective approach is to prioritize and address risks based on their potential impact and likelihood; therefore, managing risks with the highest impact first ensures that the most critical threats to the project are mitigated or planned for immediately. This strategic focus helps protect the project's objectives and minimizes potential catastrophic outcomes.