During the risk management planning process for a software development project, a project team identifies a high-risk item related to the integration of a new third-party tool into the system. The team has identified a contingency plan, but it is expensive and may impact the project budget. What should the project manager do next? Question 2 options: Implement the contingency plan immediately to avoid any potential risks. Wait and see if the risk materializes before taking any action. Ignore the high-risk item since there is a contingency plan in place. Evaluate the cost-benefit analysis of the contingency plan before implementing it