A project team member raised a risk that the threat of country wide power cuts may affect the project time line for a software development project In the last month, this risk materialized and the project time line had to be extended by 2 months. Which two actions should the project manager take? (Choose 2) Inform the project sponsor that the risk has materialized and request that the project budget be increased Analyze the impact of the issue and submit a change request to update the project schedule. Log it in the risk register and work with the relevant owner to implement the mitigation action plan. Extend the project deadline and update the project schedule to reflect the delay. Ask the team member to work overtime to make up the time lost so that the project schedule is not impacted