Stakeholder Management
Stakeholder identification is a critical process in project management to recognize all relevant individuals and groups who may impact or be impacted by a project's outcomes. The chapter introduces the concepts of stakeholder analysis using tools like the RACI matrix and the Power/Interest grid, underscoring the importance of systematic engagement strategies to enhance communication and project success. Key insights include the diverse nature of stakeholders and the necessity to continuously update stakeholder lists throughout the project lifecycle.
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What we have learnt
- Stakeholders can be internal, external, active, or passive.
- Effective stakeholder identification prevents project risk and enhances communication.
- Tools such as RACI Matrix and Power/Interest Grid help clarify stakeholder roles and prioritize engagement.
Key Concepts
- -- Stakeholder
- An individual or group that may be affected by or have an interest in the outcome of a project.
- -- Stakeholder Identification
- The process of recognizing individuals or groups that impact or are impacted by a project.
- -- RACI Matrix
- A matrix that clarifies roles and responsibilities of stakeholders in a project.
- -- Power/Interest Grid
- A tool that categorizes stakeholders based on their power over a project and their interest in its outcomes.
Additional Learning Materials
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