The Plan Stakeholder Management Process Essay

2640 WordsSep 26, 201611 Pages
Introduction The Plan Stakeholder Management process builds strategies that focus the interests of stakeholders to align with the project goals through the entire life-cycle of the project. Based on the stakeholder register created by the stakeholder identification process, this provides an action plan for effectively communicating with the stakeholders. Management of communication via this method provides systematic and proactive channels of communication for those parties impacted, either positively or negatively, by organizational operations. This paper examines the importance of stakeholder identification for project management, outlines various strategies for identifying stakeholders, discusses the implications and identification of project management bias in analyzing stakeholders, and discusses the addition of stakeholder management as a new body of knowledge within A Guide to the Project Management Body of Knowledge (PMBOK Guide) by the Project Management Institute (PMI). Additionally, the process and methods for managing and controlling stakeholder expectations and monitoring these relationships to achieve stakeholder satisfaction are reviewed. Plan Stakeholder Process Overview Per PMBOK, four distinct processes comprise stakeholder management and interact with each other as shown in the high level overview of Figure 1 below. Figure 1 – Plan Stakeholder Process Overview (developed from PMBOK figure 13-1) Stakeholder Identification Process Overview For a
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