During a large project, a stakeholder identifies a risk that was not previously recorded. What should the project manager do?

The correct approach is to add the newly identified risk to the risk register and then reevaluate the entire register with the project team and relevant stakeholders. This ensures a comprehensive and collaborative update to the risk management plan. Simply confirming the register is complete is dismissive and ignores a valid input. Performing a risk analysis with only one stakeholder is insufficient; a broader team perspective is needed for accurate assessment and planning. Communicating directly to the steering committee and requesting a mitigation plan from senior management bypasses the project team's responsibility for initial risk analysis and response planning.