The question suggests that the project is still in the initiation stage, with the initial iteration of the Identify Stakeholders process, and has yet to progress to project planning. At this point, the project manager has only compiled a list of potential stakeholders' names. With only a list of individual and group names, the next logical step is to perform stakeholder analysis. Stakeholder analysis, an example of the data analysis technique which can be used during the Identify Stakeholder process, results in a list of stakeholders and relevant information such as their positions in the organization, roles on the project, expectations, attitudes, and their interest in information about the project. Therefore, of the available choices, conducting stakeholder analysis is what the project manager should do next.
Details for Each Option:
Invite the identified stakeholders to the project kick-off meeting
Incorrect. The project kick-off meeting is typically held at the end of project planning and before the start of project execution. The question suggests that the project is still in the initiation stage, with the initial pass at the Identify Stakeholders process, and has yet to progress to project planning. Even if the project manager decided to conduct the kick-off meeting during the initiation stage, the project manager still needs to perform stakeholder analysis to determine which of the stakeholders should be invited to the kick-off meeting.
Conduct stakeholder analysis
Correct. Stakeholder analysis results in a list of stakeholders and relevant information such as their positions in the organization, roles on the project, expectations, attitudes, and their interest in information about the project.
Complete the Project Stakeholder Management process
Incorrect. Project Stakeholder Management is one of the knowledge areas and not a project management process.
Develop the stakeholder engagement plan
Incorrect. The question suggests that the project is still in the initiation stage, with the initial pass at the Identify Stakeholders process, and has yet to progress to project planning. The stakeholder engagement plan is developed during the Plan Stakeholder Engagement process as part of project planning. The project manager needs to complete the processes of the Initiating Process Group before moving on to project planning.
Reference:
A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute Inc., 2017, Page(s) 512