In the context of a Waterfall project, a project manager is reassessing the stakeholder engagement plan mid-project due to newly identified risks and stakeholders. Which of the following techniques should the project manager prioritize to reassess current support and devise appropriate strategies for enhanced stakeholder engagement?
Perform a stakeholder analysis to identify stakeholders' needs, expectations, and potential impact on the project.
Focus on stakeholder expectations without consideration of the newly identified risks and changes in stakeholder dynamics.
Reduce project communication to a limited number of key stakeholders to streamline decision making.
Delegate to a newly formed team who will focus on stakeholder engagement.
The project manager should prioritize stakeholder analysis, as it aids in the reassessment of already identified stakeholders and the discovery of new ones. This analysis also provides insight into stakeholders' current levels of support or resistance, informing the project manager of potential impact on the project's success. Effective stakeholder analysis allows for the identification of appropriate engagement strategies for individuals based on their interest, rights, knowledge, and contribution to the project, ensuring that all potential influences are accounted for and managed adequately.
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