The project manager should conduct a meeting with the project team to discuss and address the sources of disagreement, as this is a strategy for improving team morale and performance. According to the PMI website, one of the interpersonal and team skills that a project manager should have is conflict management. Conflict management is the process of resolving or reducing disagreements among project stakeholders, such as team members, sponsors, customers, or suppliers. Conflict can arise due to various factors, such as personality differences, communication barriers, resource constraints, or competing interests.
If not managed properly, conflict can negatively affect the team morale, productivity, quality, and satisfaction.
The project manager should use appropriate conflict resolution techniques, such as problem-solving, compromising, collaborating, smoothing, or forcing, depending on the situation and the desired outcome. The project manager should also facilitate open and constructive communication, encourage feedback and participation, and promote trust and respect among the team members1. By conducting a meeting with the project team, the project manager can identify the root causes and the impact of the disagreement, and work with the team to find a mutually acceptable solution. The project manager can also clarify the project objectives, scope, and requirements, and ensure that the team members understand their roles and responsibilities. By addressing the sources of disagreement, the project manager can improve the team morale and performance, and get the project back on track.
The other options, informing the stakeholders, crashing the project timeline, or issuing a change request, are not the best ways to deal with low team morale and disagreement. Informing the stakeholders may be a necessary communication activity, but it does not solve the problem or improve the situation. Crashing the project timeline may be a schedule compression technique, but it may not be feasible or effective, as it may increase costs, risks, or rework, and may also worsen the team morale and satisfaction. Issuing a change request may be a change management activity, but it may not be necessary or desirable, as it may imply that the project manager is unable to manage the project within the agreed baselines.
2 Interpersonal and Team Skills - Project Management Institute 1 A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, Chapter 9.5

The project manager should first evaluate the impact of the nonrenewal of the license on the project. This involves assessing the risks, costs, and potential delays associated with not renewing the license. It is important to understand how critical the component is to the project's success and whether there are any viable alternatives that could be considered. This evaluation will inform the decision-making process regarding whether to renew the license or seek other options. References: = PMBOK Guide - Sixth Edition and the Professional in Business Analysis (PMI-PBA) Reference Materials.

The project manager realizes that the project performance will be measured based on budget deviation and revenue, but without consideration for the overall project schedule. This could lead to a situation where the project is successful in terms of budget and revenue, but fails in terms of schedule. Therefore, the project manager should review the schedule baseline and consider adopting a schedule performance indicator. This will ensure that the project schedule is also taken into account when measuring project performance. References: PMBOK Guide, 6th Edition, Section 6.6.1.1, "Schedule Baseline" and Section
7.4.2.1, "Cost Performance Baseline"

The project manager should review the lessons learned registers from the previous projects to identify the root causes of the failures, the best practices that worked, and the recommendations for improvement. This will help the project manager to avoid repeating the same mistakes, to apply the proven methods, and to enhance the project performance. The lessons learned registers are part of the organizational process assets that can be used as inputs for planning and executing the project12. References:
* A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, Chapter
4.4.3.1, page 112
* Professional in Business Analysis (PMI-PBA)Examination Content Outline, Domain II: Planning, Task 7, page 10

According to the PMBOKGuide Seventh Edition, one of the project management principles is to engage stakeholders actively and frequently. This means that the project manager should identify and analyze the needs, expectations, and interests of all stakeholders, and involve them appropriately throughout the project life cycle. The stakeholder register is a document that lists the key stakeholders, their roles, responsibilities, and level of influence on the project. The stakeholder engagement plan is a document that describes the strategies and actions to communicate with, manage, and influence the stakeholders.
In this scenario, the project manager has discovered that the local community was not included in the stakeholder register, which has caused them to oppose the project. This is a serious issue that can affect the project's performance, reputation, and acceptance. Therefore, the project manager should not disregard these stakeholders, as this would violate the principle of stakeholder engagement and potentially escalate the conflict. The project manager should also not just explain to the community members why they were not included as stakeholders, as this would not address their concerns or expectations. The best option is to update the stakeholder register and revise the stakeholder engagement plan, as this would allow the project manager to acknowledge the community as a stakeholder, assess their impact and interest, and develop appropriate strategies and actions to engage them effectively and proactively. References:
* PMBOKGuide Seventh Edition, page 9
* Project Management Principles 9-12, Episode 479: Project Management Principles 9-12 (Free)