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CompTIA Project+ · CompTIA
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They'd update the timeline and THEN communicate with Stakeholders about the new timeline, not before.
The MOST likely is find out the new timeline. You don't know what to tell the stakeholders other than it's gonna be late. Find the updated timeline, then tell the stakeholders how much delay they can expect.
I would say the PM needs to communicate with stakeholders about the updated timeline since that falls under their responsibilities and is appropriate for the given scenario.