A project manager is analyzing stakeholders for a new enterprise software implementation. The analysis reveals diverse stakeholder groups including end users, IT operations, compliance officers, and executive sponsors, each with different levels of influence and interest. What should the project manager do FIRST?

Create a comprehensive communication plan that treats all stakeholders equally

Categorize stakeholders based on their power, interest, and influence levels to develop tailored engagement strategies

Focus engagement efforts primarily on the executive sponsors since they have the most power

Schedule regular meetings with all stakeholder groups to ensure consistent communication