Project Stakeholder Management - Definition, Processes, Templates
The Stakeholder Management Plan is a component of the Project Management Plan that identifies the management strategies required to effectively engage stakeholders. The level of details can vary based on the needs of the project.
Definition of Project Stakeholder Management (PMI™)
Stakeholder Management describes the processes required to identify people, groups or organizations that could impact or be impacted by the project, to analyse stakeholder expectations and their impact on the project, and to develop appropriate management strategies for effectively engaging stakeholders in project decisions and execution. (PMBOK® Guide)
Stakeholder Management Processes (PMI™)
- Identify stakeholders is the process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, inter-dependencies, influence, and potential impact on project success.
Plan Stakeholder Engagement
- Plan stakeholder engagement is the process of developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project.
Manage Stakeholder Engagement
- Manage stakeholder engagement is the process of communicating and working with stakeholders to meet their needs and expectations, address issues, and foster appropriate stakeholder engagement involvement.
Monitor Stakeholder Engagement
- Monitor stakeholder engagement is the process of monitoring stakeholder relationships and tailoring strategies for engaging stakeholders through the modification of engagement strategies and plans.