A system development project is nearing closing when a previously unidentified risk is discovered. This could potiantially affects the project's overall ablity  to deliver. what should be done next?

A. Alter the project  sponsor of potential impacts to cost, scope or schedule.
B. Qualify the risk
C. Mitigate this risk by  developeing a risk response plan
D. develop a workaround.

Post your answers to discuss further.