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?
Reduce project communication to a limited number of key stakeholders to streamline decision making.
Perform a stakeholder analysis to identify stakeholders' needs, expectations, and potential impact on the project.
Delegate to a newly formed team who will focus on stakeholder engagement.
Focus on stakeholder expectations without consideration of the newly identified risks and changes in stakeholder dynamics.