Peter is managing a multi-million dollar project. The project is in the planning phase and has a big number of key stakeholders. During an analysis, Peter finds out that there are big gaps between the current and desired engagement levels for most of the key stakeholders. What should Peter do next?
A. Immediately escalate the situation to the project sponsor.
B. Brainstorm on the stakeholder management strategies that can close these gaps.
C. Propose to terminate the project.
D. Prepare a business case for the project.