A new relevant project stakeholder suggested a change to some of the project parameters midway through execution. What should the project manager do next?

Accept the change and use contingency funds to implement this change with minimal schedule impacts.

Reject the change because it is contrary to what was agreed to during earlier phases of the project.

Evaluate the proposed change with integrated change controls and discuss the change with the project sponsor.

Transfer the change to the steering committee for them to evaluate and decide the appropriate next steps.