The project is delayed because major changes are being requested by different stakeholders at different stages. If this continues it will consume twice the planned time and budget. Which two actions can the project manager take to be more cost effective? (Choose two.)

Conducting a stakeholder analysis helps identify key stakeholders, their influence, and their interests early on, allowing the project manager to proactively manage expectations and potential change requests. This reduces late-stage changes that cause significant delays and cost overruns. Adopting an incremental approach, such as agile methodologies, allows for frequent delivery of small, functional increments. This enables stakeholders to provide feedback early and often, integrating changes incrementally rather than in large, disruptive batches, thus making the project more adaptable and cost-effective. Reinforcing team communication is generally good but doesn't directly address the root cause of late-stage, costly changes from stakeholders. Updating the project management plan with a new timeline is a reactive measure, not a proactive solution to prevent future delays. Leveraging work among team members is about resource optimization, not managing stakeholder-driven changes.