Midway through executing an agile project, the organization's strategic objectives shift toward promoting digital transformation. What should the project manager do next?

The correct answer is to schedule a meeting with the team to assess the impact of the change. In agile, a shift in strategic objectives is a significant event that requires immediate attention and collaboration. The project manager, along with the team, needs to understand how this change affects the project's vision, goals, and current work. This assessment will inform subsequent actions. Escalating to the product owner and canceling iterations is premature without understanding the impact. The change might not necessitate such drastic measures. Creating a user story for the change is also premature; the team first needs to understand what the change entails and how it translates into actionable work. Updating the risk-prioritized backlog is a good step, but it should follow the initial assessment of the change's impact, as the team needs to identify what new risks or opportunities arise from the strategic shift.