A project manager has received a written request to make a large change to one of the project deliverables. Which of the following would be the FIRST step taken after analyzing the impact?

Crashing the schedule is a specific response to implement a change, which should only happen after stakeholders have approved a course of action.

While the change might introduce new risks or modify existing ones, updating the risk register is a subsequent step after a decision has been made and before or during implementation.

After analyzing the impact of a significant change, the project manager should present the stakeholders with the identified possible courses of action, including the consequences and benefits of each, to allow them to make an informed decision on how to proceed. This is crucial for obtaining approval and ensuring alignment with project goals and stakeholder expectations before any actual implementation or plan updates.

Updating the project plan is an implementation step that occurs after stakeholders have approved the change and decided on a course of action.