According to the PMBOK Guide, an issue is a point or matter in question or in dispute, or a point or matter that is not settled and is under discussion or over which there are opposing views or disagreements1. Issues can arise from any aspect of the project, such as scope, schedule, cost, quality, resources, risks, or stakeholders. Issues can affect the performance of the project or the satisfaction of the stakeholders. Therefore, issues need to be identified, analyzed, and resolved in a timely and appropriate manner.
The project manager is responsible for managing issues throughout the project life cycle. One of the tools that the project manager can use to document and track issues is the issue log. The issue log is a project document that provides a structured way of recording and monitoring issues2. The issue log typically contains information such as the issue description, the issue owner, the issue priority, the issue status, the issue resolution, and the issue closure date3.
In this question, the project manager is faced with an issue that can affect the project schedule and the delivery of the product. The vendor’s inability to ship a core component on time is a matter that is not settled and is under discussion with the vendor. The project manager should review and update the issue log to record this issue and its details. The project manager should also determine if any alternative components can be offered by the vendor or another source that can meet the project requirements and minimize the schedule impact. This is part of the issue resolution process, which involves identifying and evaluating possible solutions, selecting the best option, and implementing the agreed-upon action4.
The other options are not the best actions to take next to minimize the impact on the project. Scheduling a meeting with all stakeholders to extend the project deadline is premature and may not be necessary if the issue can be resolved with an alternative component. Replacing the vendor with a new vendor who can offer the component on time is risky and may not be feasible or cost-effective. Adding an item to the next status review to make stakeholders aware of the vendor issue is important, but it does not address the issue resolution or the schedule impact.
[: 1: PMBOK Guide, 6th edition, p. 720 2: PMBOK Guide, 6th edition, p. 89 3: PMBOK Guide, 6th edition, p. 374 4: PMBOK Guide, 6th edition, p. 375, , ]
