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    Stakeholder Management

    An Introduction To Our Online PMP Training Course

    PMP Training - What you receive


    Here is what you receive with our full PMP exam prep class:
    • Print copy of our 396-page course manual shipped directly to your home
    • Print copy of the 756-page PMBOK? Guide 6th Edition shipped to your home
    • 100 days access to our fast, reliable Learning Platform
    • 10 hours of instructor-led online instruction
    • 1 full day of in-person classroom training at one of our 20 training facilities
    • Over 1200 sample questions with simulator
    • Tracking analytics to follow your progress
    • Certificate documenting 35 contact hours of PM education
    • Near perfect 99% pass rate

    • Title: PMP Certification Training
    • Format: Blend of Online and Traditional Classroom Instruction
    • PMI Approved Hours: 35 Contact Hours
    • Tuition: $595

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    Project Stakeholder Management

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    Project stakeholder management is comprised of the processes required to identify the people, groups, and organizations that can impact or be impacted by the project. It involves analyzing stakeholder expectations in developing management strategies for effectively engaging stakeholders and project decisions and execution. Stakeholder management also focuses on continuous communications with stakeholders, managing conflict, and promoting appropriate stakeholder engagement in project decisions and activities.

    The following processes and primary goals of project stakeholder management are defined below:

    • Identify Stakeholders. Goal: stakeholder register.
    • Plan Stakeholder Management. Goal: stakeholder management plan.
    • Manage Stakeholder Engagement. Goal: issue log, change requests.
    • Control Stakeholder engagement. Goal: work performance information, change requests.

    The high level Project Stakeholder Management output elements, by Process Group, are:

    Initiating Planning Executing Monitoring and Controlling Closing
    Stakeholder register Stakeholder Management plan Stakeholder register
    CR's
    Work Performance Info
    CR's

    Project stakeholder management focuses on the processes required to identify the people, groups, or organizations that can either impact or be impacted by the project. Some of these processes include the following:

    • Analyzing stakeholder expectations and their impact on the project.
    • Developing appropriate management strategies for engaging stakeholders.
    • Implementing continuous communications with stakeholders to understand needs and expectations.
    • Fostering stakeholder engagement in the project for decisions and activities.
    • Focusing on stakeholder satisfaction as a key project objective.

    Identify Stakeholders is the process of identifying all individuals or organizations that can be positively or negatively impacted by the project, and documenting their influence, impact, interest, and involvement on project success.
    This is a key area in the project management process, as many projects fail due to a lack of complete stakeholder identification. Most projects will have a large number of stakeholders, and it is a project manager's job to identify stakeholders and understand the impact of the project on their specific business areas. In this respect, the project manager's job amounts to a relationship management function.
    The key output of this process is to create a stakeholder register which identifies in great detail, everything about the stakeholders on the project.

    For further information on Project Stakeholder Management, consult EdWel's PMP Textbook 5th Edition.

    As part of the Manage Stakeholder Expectations process, the project manager works with the stakeholders, understands and addresses their needs and expectations. The Inputs, Tools and Techniques, and Output of Manage Stakeholder Expectations process is given below.

    Manage Stakeholder Expectations Process

    Inputs Tools & Techniques Outputs
    Stakeholder register Communication methods Organizational process assets updates
    Stakeholder management strategy Interpersonal skills Change requests
    Project management plan Management skills Project management plan updates
    Issue log Project document updates
    Change log
    Organizational process assets

    Control stakeholders engagement process is a newly added process group. See PMBOK for details.

    This article courtesy of Richard Perrin, PMP.

    Questions on Project Stakeholder Management are available at Stakeholders Questions.

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