A project team is working on developing a new product for the market. The project manager identifies a key stakeholder who has high influence but low interest in the project. Despite the stakeholder's low interest, their influence could significantly impact the project's success.

What is the best approach to engage with this stakeholder?

Group of answer choices

Monitor their activities but minimize communication efforts

Consult them on major project decisions to ensure their concerns are addressed

Collaborate with them to actively involve them in project activities and decision$-$making processes

Keep them informed about project progress through occasional updates