A project manager is leading a project to investigate the feasibility of constructing a dam to generate hydroelectric power. The project needs to be analyzed from technical, economic, and social points of view. The project manager has created the project charter on behalf of the project sponsor, and it is now approved. Which of the following processes should be performed next and Why?
Option 1) Develop Project Management Plan
Option 2) Identify Risks
Option 3) Identify Stakeholders
Option 4) Develop Project Charter
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