After gathering all the requirements for a project with dependencies on external stakeholders, the project team is finishing the second iteration. At this point, the project manager learns about a pos

Adding an entry to the risk log is a step in risk management, but it doesn't directly address how to realize benefits in the face of a potential show-stopping regulatory change; it's a reactive tracking measure.

Implementing changes is premature and potentially costly without first understanding the full impact of the regulatory change on the project's benefits and verifying the necessity and nature of those changes.

A potential change in regulations that could prevent product launch directly impacts the project's ability to deliver its intended value and benefits. Reviewing target benefits allows the project manager to assess if the project's original goals are still achievable, if the expected value needs to be re-evaluated, or if the project scope and strategy must be adjusted to align with the new regulatory landscape and realize any possible benefits.

Improving team velocity addresses efficiency in delivery but does not resolve a fundamental external regulatory issue that could prevent product launch and benefit realization.