In project initiation for a retail procurement system, the sponsor is concerned the forecasted implementation date coincides with the company’s budget planning period. Which two actions should the project manager take next? (Choose two.)

The project manager should facilitate a risk workshop and log the concern as a risk. A risk workshop engages stakeholders to proactively identify and assess potential threats and opportunities, including schedule conflicts like the budget planning period. Logging the concern in the risk register ensures it's formally documented, analyzed for impact and probability, and tracked for appropriate response planning. Advising the sponsor that feasibility cannot be determined is dismissive and unhelpful. Changing the implementation date prematurely without analysis is an uncontrolled response. Stating the implementation date is low risk without assessment is irresponsible and lacks data.