10. Project Stakeholder Management

Question 1

Stakeholder Management

Answer 1

The project stakeholder management is the process of identifying suitable stakeholder for the project and meet the expectation of the selected stakeholder. The success or failure of the project depends on the key stakeholders.

Four project stakeholder processes are involved in initiating, planning, executing, and monitoring and controlling the phase of project management.

Question 2

Stakeholder Management Processes

Answer 2

46. Identify Stakeholders;
47. Plan Stakeholder Engagement;
48. Manage Stakeholder Engagement;
49. Monitor Stakeholder Engagement.

Question 3

46. Identify Stakeholders;

Answer 3

The process of identifying stakeholders is done in the initiation phase of the project. Based on performance, experience and skills, the key stakeholders are identified to manage the assigned part of the project.

Question 4

47. Plan Stakeholder Engagement;

Answer 4

The process of determining how to approach different stakeholders for different project activities. The roles and responsibilities of the key stakeholder are planned. The amount of engagement in each part of the project work is assigned to stakeholders.

Question 5

48. Manage Stakeholder Engagement;

Answer 5

The process involving interaction with stakeholders and working with stakeholders to meet their expectations, resolving the issues by stakeholder engagement process. This process has a potential impact on the project.

Question 6

49. Monitor Stakeholder Engagement.

Answer 6

Monitoring the stakeholder engagement process ensures effective interaction and engagement between the project stakeholders. Engagement strategies and plans are executed if necessary.