A team member warned that nationwide power outages could affect the software project's timeline. Last month that risk occurred and the schedule had to be extended by two months. Which two actions should the project manager take? (Choose two.)

The correct actions are to log the issue in the risk register and implement the mitigation plan, and to analyze the impact and submit a change request. Since the risk has already occurred, it is now an issue. The risk register should be updated to reflect its status and the pre-planned mitigation strategy should be executed. Concurrently, the project manager must assess the actual impact of the issue on the project objectives, particularly the schedule, and formally propose changes through a change request to update the project schedule. Asking the team member to work overtime is not a sustainable or guaranteed solution and doesn't address the root cause or formal project management processes. Informing the sponsor and asking for a budget increase without a detailed analysis and change request is premature and unprofessional. Extending the project deadline without a formal change request and impact analysis bypasses proper change control.