During the execution phase of a project, you discover that a critical piece of equipment has malfunctioned, causing a two-week delay in the critical path activities. Which of the following actions should you take to best address this issue and keep the project on track?
Wait to discuss the equipment malfunction at the next monthly steering committee meeting to decide on actions.
Submit a change request to extend the project deadline to accommodate the two-week delay.
Request additional resources to make up for lost time once the equipment is repaired or replaced.
Expedite the repair or replacement of the critical piece of equipment and reassign resources to parallel tasks not on the critical path.