The project manager should hold a stakeholder meeting to align timelines and scope expectations. This is because the project manager needs to manage the stakeholder’s expectations and ensure that they understand the implications of their request. The project manager should explain the current project schedule, the assumptions and constraints that were considered, and the risks and opportunities that are involved. The project manager should also discuss the possible alternatives to meet the stakeholder’s request, such as crashing, fast-tracking, or scope reduction, and their pros and cons. The project manager should seek the stakeholder’s input and feedback, and try to reach a mutually agreeable solution that satisfies the project objectives and the stakeholder’s needs. The project manager should also update the project documents, such as the project management plan, the schedule baseline, and the scope baseline, to reflect the agreed changes, and communicate them to the relevant stakeholders.
The other options are not correct because they do not address the issue of stakeholder alignment and communication, which is essential for project success. Crashing the schedule to shorten the timeline while keeping the scope unchanged might be a possible option, but it would increase the project cost and risk, and might not be acceptable to the stakeholder. Updating the cost management plan to allocate more resources to the project to finish the scope earlier might be another option, but it would also increase the project cost and complexity, and might not be feasible or effective. Reducing the scope of the project by removing activities and shortening the timeline might be another option, but it would compromise the project value and quality, and might not meet the stakeholder’s requirements. References: PMBOK Guide, 6th edition, section 6.6, page 215, PMP Exam Prep, 10th edition, page 180
