A project manager is assigned to a yearlong project. Before the start of the design phase, a competitor announces that they will release a similar deliverable in 8 months, although with fewer features and functionality. Which two actions should the project manager take next? (Choose 2) Modify the project management plan with an incremental approach. Update the project artifacts to include this issue. Discuss and review this external risk with the project sponsor. Evaluate the impact of incremental deliverables. Reduce the scope items of the final deliverable