The correct answer is to update the project management plan and communicate the change to stakeholders. Once a change is approved, it is essential to incorporate the change into the project management plan, which includes updating relevant documents such as the scope statement, WBS, schedule, and budget. This ensures that the project team has a clear understanding of the revised project parameters. Communicating the change to stakeholders is also crucial to ensure everyone is aware of the change and its potential impact on the project.
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