The project manager should first follow the risk response plan. The risk response plan is a component of the project management plan that describes how to implement risk responses for identified risks and opportunities1. It includes the agreed-upon actions and owners for each risk, as well as the budget, schedule, and resources allocated for the risk responses1. By following the risk response plan, the project manager can execute the appropriate actions to minimize the impact of the delay on the critical path activity and the project objectives.
Option B is not the best answer because using the contingency fund is not the first thing to do. The contingency fund is a reserve amount of money or time that is set aside to cover the cost or time impact of known risks2. It is part of the risk response plan, and it should be used only after the risk response actions have been implemented and the residual risk impact has been assessed3.
Option C is not the best answer because preparing a change request is not the first thing to do. A change request is a formal proposal to modify any document, deliverable, or baseline of the project. It should be prepared only after the risk response actions have been implemented and the impact of the delay on the project scope, schedule, cost, or quality has been analyzed.
Option D is not the best answer because updating the risk register is not the first thing to do. The risk register is a project document that records the details of all identified risks, including their description, category, probability, impact, response strategy, and status. It should be updated only after the risk response actions have been implemented and the outcome of the risk response has been evaluated. References: 1: PMBOK Guide, 7th Edition, Section 11.1.3.1, Risk Response Plan 2: PMBOK Guide, 7th Edition, Section 6.5.2.3, Contingency Reserve 3: PMBOK Guide, 7th Edition, Section 11.5.3.1, Implement Risk Responses : PMBOK Guide, 7th Edition, Section 4.6.3.1, Change Requests : PMBOK Guide, 7th Edition, Section 4.6.3.2, Change Control Tools : PMBOK Guide, 7th Edition, Section 11.2.3.1, Risk Register : PMBOK Guide, 7th Edition, Section 11.6.3.1, Monitor Risks
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