During a two-week sprint the product owner discovers a missed regulatory compliance requirement that must be completed this sprint or the organization will face a penalty. What should the project manager do to mitigate this risk?

The correct answer is to request the team to add the user story to the current sprint and let them work on it. In an agile environment, the product owner has the authority to adjust the sprint backlog as needed, especially for critical items like regulatory compliance. The team, in collaboration with the product owner, can then decide how to incorporate this new, high-priority work, potentially by deselecting other lower-priority items from the current sprint to maintain focus and sprint goals. Reviewing with the project sponsor is too slow and bypasses the product owner's authority. An impact analysis is part of the solution, but stating that the scope cannot be changed is incorrect; scope can and should be adjusted for critical issues. Including it in the next sprint is unacceptable due to the immediate penalty risk.