A project manager is overseeing a large construction project that involves multiple international suppliers. Recent geopolitical tensions have escalated between two critical supplier countries which may affect the delivery of key materials. What should be the project manager's first course of action?
Negotiate higher budgets with stakeholders in anticipation of raised costs
Plan a meeting to develop new sourcing strategies
Start analyzing current import conditions and tariffs for alternative logistics planning
Assess and prioritize impact on project scope or timeline