Project Stakeholder Management Introduction - PMP/CAPM (PMBOK 6 - ECO 2019)

Mudassir IqbalMarch 6, 2019PMP Concepts2 comments

Project Stakeholder Management (A high-level snapshot)

Project management is about knowing your audience and then manage their interests and expectations. Project Stakeholder Management knowledge area helps you understanding your stakeholders so that you can win the project champions and friend amongst them. The project manager and his team job is to asses the degree to which any project stakeholder will impact or are being impacted by the project. This way the project management team can develop strategies to gain the support from the top stakeholders for the project.

Project Stakeholder Management Knowledge Area Processes

Identify Stakeholders (Initiation)

It enables the project team to identify the appropriate focus for engagement of each stakeholder or group of stakeholders
the process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success
performed periodically
Identify Stakeholders early in the project is critical for project success so to analyze their levels of interest, their individual expectations, as well as their importance and influence.

Plan Stakeholder Engagement

It provides an actionable plan to interact effectively with stakeholders.

Project Stakeholder Management Knowledge Area — To Project Stakeholder Management Blog

the process of developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project

Performed periodically throughout the project as needed

Manage Stakeholder Engagement

it allows the project manager to increase support and minimize resistance from stakeholders
the process of communicating and working with stakeholders to meet their needs and expectations, address issues, and foster appropriate stakeholder involvement
performed throughout the project

Monitor Stakeholder Engagement

it maintains or increases the efficiency and effectiveness of stakeholder engagement activities as the project evolves and its environment changes
the process of monitoring project stakeholder relationships and tailoring strategies for engaging stakeholders through modification of engagement strategies and plans
performed throughout the project

Further Information on Project Stakeholder Management

Mudassir Iqbal

I am the founder of Know Your Project (KYP) IT Consulting and Training Company. We are based in Pakistan but work extensively with middle-market businesses directly in the European, Middle East and South Asia Regions, as well as through partnerships with multinational companies like yours. I have personally delivered several digital change projects across many sectors globally - including construction, technology, finance, manufacturing, warehousing, logistics, telecommunication. My areas of expertise are concerned with Business Process Re-engineering (BPR), IT Governance and Assurance, PMO Setup, and Business and IT Agility. I also have substantial experience strategizing ERP implementations and have been working with Oracle, SAP, Microsoft Dynamics and Odoo for the best part of my professional life. Both nationally and internationally, I’m also providing in-depth, high-caliber executive development and training in various fields, covering topics such as project planning, project management, leading teams, cultural change. I’m a passionate writer and speaker on the topics of Digital Transformation, CIO, ERP and Project Management.