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Project stakeholder management is considered as a continuous process, [2] specifically a four-step process of identifying stakeholders, determining their influence, developing a communication management plan and influencing stakeholders through engagement. [3]
Project stakeholders are persons or entities who have an interest in a given project.According to the Project Management Institute (PMI), the term project stakeholder refers to "an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio. [1]:
This information is used to assess how the interests of those stakeholders should be addressed in a project plan, policy, program, or other action. [2] Stakeholder analysis is a key part of stakeholder management. A stakeholder analysis of an issue consists of weighing and balancing all of the competing demands on a firm by each of those who ...
The project manager creates the project management plan following input from the project team and key project stakeholders. The plan should be agreed and approved by at least the project team and its key stakeholders. Many project management processes are mentioned in PMBOK® Guide, but determining which processes need to be used based on the ...
In project management, a project charter, project definition, or project statement is a statement of the scope, objectives, and participants in a project.It provides a preliminary delineation of roles and responsibilities, outlines the project's key goals, identifies the main stakeholders, and defines the authority of the project manager. [1]
Project management unites clients & teams, creates a plan for on time & on budget delivery, and gets stakeholders on the same page. But the importance of project management goes beyond that.
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