Knowledge Area: Stakeholder Management Most of the items are common in the Stakeholder Management Plan and Communications Management Plan. The Stakeholder Management Plan, a component of the overall Project Management Plan, is created to specify how the project will interact with each stakeholder. "styles": { Key Learning Objectives Who are Stakeholder and effective way to manage them Project Stakeholder Management processes Identify Stakeholder Plan Stakeholder Engagement Manage Stakeholder Engagement Control Stakeholder Engagement Below are 20 free PMP sample questions and answers on project stakeholder management with instant answers and score. Project Management Body of Knowledge, 6th Edition, 13.2.3.1. There are 5 levels of stakeholder engagement: Stakeholder engagement assessment matrix is used to map a stakeholder’s current engagement level and his/her desired engagement level. Below are 20 free PMP sample questions and answers on project stakeholder management with instant answers and score. (function () { Its purpose is to define the requirements, processes, and techniques for engaging stakeholders based on an analysis of their needs, interests, and abilities to impact the project. The following article is a summary of Stakeholder Management for … Stakeholder management is important for your project success. The key output of the Plan Stakeholder Engagement process is the Stakeholder Engagement Plan So just like all other plans, this is where you document how you would engage with the stakeholders. Stakeholder Management Plan Template PPT includes Project Overview, Identify Key Stakeholders, Impact Assessment, Engagement Matrix and Communication Plan. Stakeholder register – Stakeholder register may contain information about the stakeholder. "button": "Add to cart" Analytical techniques are used to determine stakeholders’ current engagement level and the desired engagement levels. } As the project changes, the stakeholder management plan can change with it to better serve the needs of the project. In addition to the major stakeholders, there are almost always minor ones who don’t seem significant but have an outsized ability to create project issues relative to their financial stake in it. "padding-top": "14.5px", They play as a subject wise PMP sample test free based on PMBOK 5th edition and corresponding to the exam pattern. You would be surprised how many project issues have arisen because of stakeholders that were ignored because they were considered minor. (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(script); Information management systems are tools that allow project managers to capture, store and distribute information about stakeholders. Check Real Time Updates, Subscibe to ProjectEngineer.NET channel – YouTube, Project Engineer can send me occasional email updates about new site content, PMI Project Knowledge Areas, Video 1: Project Integration, Implementing Six Sigma in Your Organization. The stakeholder management plan may have sensitive information. Identifying and analyzing your stakeholders can minimize change resistors and lead to project success. Stakeholder engagement plan. "max-width": "100%", Although specific actions are not as well defined as other M&C processes, this could include reviewing stakeholder communications, gathering information about them, or even asking them directly how they feel about the project and/or their specific concern. 13.2 Plan Stakeholder Management 13.3 Manage Stakeholder Engagement 13.4 Control Stakeholder Engagement The importance of planning and preparing a sound strategy to manage your stakeholders as early as possible in the project management process cannot be over emphasized. Plan Stakeholder Engagement Process. Stakeholder management strategy – Strategies to increase stakeholders’ support and minimize their resistance (e.g. A project is initiated with the major stakeholders in mind. Test your knowledge of PMP Stakeholder Management Questions right here. Plan Stakeholder Engagement is the process of developing strategies to increase stakeholder interest and engagement on your project. Stakeholders are individuals who get impacted by the project. "padding-left": "23px", “PMP”, “PMBOK”, “PMI-ACP” and “PMI” are registered trademarks of the Project Management Institute, Inc. All rights reserved. "text": { Show Answer . They play as a subject wise PMP sample test free based on PMBOK 5th edition and corresponding to the exam pattern. Stakeholder Management Strategy – As the name suggests, stakeholder management strategy is documented to plan and strategize the actions and response to be taken towards each stakeholder during the whole course of the project management. The following article is a summary of Stakeholder Management for PMBOK 6th Edition Summary PDF. "product": { As a minimum, the project sponsor is a stakeholder who is expecting to receive the project’s deliverables. } Most projects will have a ___________ number of stakeholders. ShopifyBuyInit(); Which of the following knowledge area deals with identifying people, groups or organizations that … Also, the stakeholder’s technical knowledge can be a major factor to plan for up front. ACE YOUR PMBOK PMP EXAM AT FIRST TRY! This morning, I was talking to a PMP Masterclass student who asked me a few questions about PMP Stakeholder Management. This Knowledge Area contains four processes: Identify Stakeholder, Plan Stakeholder, Manage Stakeholder Engagement, and Control Stakeholder Engagement. } else { } Identify Plan Stakeholder Manage Control Stakeholder Management the processes required to identify the people, groups, or organizations that could impact or be impacted by the project, to analyze stakeholder expectations and their impact on the project, and to develop appropriate management strategies for effectively engaging stakeholders in project decisions and execution … During that time PMI, the governing body of the PMP exam, considered Communication Management and Stakeholder Management to be the same knowledge area. Some information about stakeholders can be highly confidential and may not be documented. The Fifth Edition of the PMBOK created Stakeholder Management. domain: 'projectengineer-web-store.myshopify.com', Send us an email at support@examspm.com, Procurement Management: PMP Study Guide (PMBok 6th Edition Knowledge Areas), PMP Study Notes PDF (PMBok 6th Edition Knowledge Areas), Salience model (describes stakeholders based on power, urgency, and legitimacy). It also includes our communication strategy for key stakeholders and otherwise. Project Stakeholder Management 2. var scriptURL = 'https://sdks.shopifycdn.com/buy-button/latest/buy-button-storefront.min.js'; "total": "Subtotal", OPAs updates are same in both Manage Stakeholder Engagement and … "padding-bottom": "14.5px" "padding-bottom": "14.5px" "buttonDestination": "modal", There include 20 multiple choice questions followed by four possible answers. Stakeholder Management Plan Template PPT includes Project Overview, Identify Key Stakeholders, Impact Assessment, Engagement Matrix and Communication Plan. C. Go ahead and develop the project’s stakeholder engagement plan. Project Stakeholder Management identifies people or organizations that may impact or be impacted by your project, and develops strategies to manage their expectations.This Knowledge Area contains four processes: Identify Stakeholder, Plan Stakeholder, Manage Stakeholder Engagement, and Control Stakeholder Engagement. Aim to make Stakeholder Management an integral part of your project, rather than treating it as a side task. "buttonWithQuantity": true The stakeholder engagement plan can include, for example: Desired engagement levels of key stakeholders; Information to be distributed to stakeholders, including format, content, and level of detail Stakeholder management strategy CORRECT: A - The project lifecycle is selected and defined in the project management plan. "font-size": "13px", "button": { Project Stakeholder Management involves identification of stakeholders, analysis of their expectations and influences, development of appropriate strategies to work with the stakeholders and executing the process. The project manager must know who the stakeholders are and actively manage their expectations. What is the interest level of the stakeholder? This process collects relevant information about your stakeholders and monitors their interests. } Stakeholder Management is the last knowledge area that you are going to come across in your study of PMP courseware. } 2. script.onload = ShopifyBuyInit; }, All stakeholder concerns are presented and analyzed to ensure the project is set up for success. } Stakeholder Management is a newly included topic for the 5th Edition PMP Syllabus, and it is for good reason. "@media (min-width: 601px)": { By thinking through when and how stakeholders will be involved, a project team can maximize stakeholders’ positive impact on the project. 3. The following article is a summary of Stakeholder Management … When the stakeholders feel their concerns have been heard and addressed, their support for the project will increase. Unlike procurement management, the stakeholder management plan can be formal or informal, it can be detailed to the minutest level or it can just be at a higher level, it is based on the needs of the project. "padding-top": "14.5px", Identify Stakeholders is the process of identify people, groups, or organizations that may impact or be impacted by your project. But those minor stakeholders can trip up a project just like a major one can. moneyFormat: '%24%7B%7Bamount%7D%7D', The stakeholders’ influence on the project is highest during initiation and gets progressively lower as the project progresses. Plan stakeholder engagement is the process that explains how will you plan to engage with your stakeholder. "quantityInput": { Course Overview [Autogenerated] Hi, everyone. Stakeholder engagement plan Input/Output. }, Monitor Stakeholder Engagement is the process of monitoring overall project stakeholder relationships and adjustment strategies for engagement accordingly. Over the years our expert PMP elders started to realize there was a lot more to “people” management than they first believed. In the individual boxes, note key milestones or deliverables that a stakeholder might have special interest in, as well as financial and emotional needs tied to the project. Quality management plan. "padding-top": "14.5px", Plan stakeholder management is a process to identify effective strategies to engage stakeholders throughout the project. When performed: Periodically as needed. } Project management plan 2. How much influence do they have on the project? ... Communications management plan. Once upon a time the PMP exam contained less knowledge areas! }, "font-size": "13px", It helps you get the stakeholders’ buy-in. The Stakeholder Management Plan, a component of the overall Project Management Plan, is created to specify how the project will interact with each stakeholder. })(); "title": "Shopping Cart", The stakeholder analysis produces substantial information and data. "margin-left": "-20px" Lastly, don’t forget to check out the other study notes in this series and download our free 200 practice questions by clicking the links below: Communications Management – PMP Study Guide. The next step is to understand, organize, and then apply the analysis results (data and information captured) to drive project success. Other inputs are Enterprise Environmental Factors and Organizational Process Assets. options: { In this process, various approaches are curated in order to involve the stakeholders on the basis of their needs, interests, expectations, and latent impact on the project. In our highly matrixed organizations, stakeholder management is becoming an increasingly important success factor in any company or organization. T he stakeholder management plan is a subsidiary plan of the project management plan. You’ll likely be working with people in many different roles, with varying levels of influence over your project. The stakeholder engagement plan is a component of the project management plan. The project management plan and the project documents are written records that communicate all aspects of the project. "products": { Actively manage stakeholder expectations. }); The second process of project stakeholder management is Plan Stakeholder Engagement. This led me to think of these common PMP Stakeholder Management Q&A and put all the answers at the bottom of the page. Defining the approach to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project. "padding-bottom": "14.5px" … "styles": { 20 Free PMP Sample Questions and Answers on Project Stakeholder Management. Stakeholder Analysis is the first stage of this, where you identify and start to understand your most important stakeholders. Stakeholder analysis – Stakeholder analysis involves identifying all the stakeholders, analyzing how each stakeholder can impact or influence the project, and developing strategies to influence the stakeholders’ impacts. Show Answer 20 Free PMP Sample Questions and Answers on Project Stakeholder Management. } When there’s a gap between the current engagement level and the desired levels, the project team will develop plans to minimize the gap and increase stakeholder engagement. project sponsor). One of the most relevant issues (from my perspective) is that project documents can easily be accessed by team members and stakeholders (source: PMP Study Guide by K. Heldman). Stakeholder Management is the process by which you identify your key stakeholders and win their support. Obstacles and Challenges of Stakeholder Engagement Management. Here are a few benefits of the stakeholder management strategy: "margin-left": "0px", "margin-bottom": "0px" Before we start, make sure you download our complete PMP guide pdf below: Stakeholder – A stakeholder is anyone who has a “stake” in the project. Revised for stakeholder management with 29 free PMP practice questions on project stakeholder management input and output. In the context of stakeholder engagement management, several obstacles and challenges can occur in practice. } "contents": { script.async = true; (1) Which of the following knowledge area deals with identifying people, groups or organizations that could impact or be impacted by a project that required building a 3-mile long bridge connecting two island cities of a country? } PMP Question & Answers with explanation. If they didn’t, the project wouldn’t exist. "styles": { When Stakeholder Management was created, Plan Stakeholder Management and Control Stakeholder Management were added to complete the set. "margin-left": "20px", Continue with the project and delegate the plan development to one of the project team members. }, Do not share it around and keep it in a secure place. ACE YOUR PMBOK PMP EXAM AT FIRST TRY! "button": "Checkout" A subsidiary of the Project Management Plan which details how you will effectively engage with stakeholders. Tagged with . To be successful on this process, you, the project manager, need to have strong interpersonal skills, such as conflict resolution and active listening. Plan stakeholder arrangement creates the stakeholder management plan. Project Stakeholder Management identifies people or organizations that may impact or be impacted by your project, and develops strategies to manage their expectations.This Knowledge Area contains four processes: Identify Stakeholder, Plan Stakeholder, Manage Stakeholder Engagement, and Control Stakeholder Engagement. Once we have these people identified, we want to plan how to manage them in the Plan Stakeholder Management process, the process of developing appropriate management strategies to effectively engage stakeholders throughout the project life cycle based on the analysis of their needs, interests, and potential impact on project success. Plan Stakeholder Engagement. You can do a lot of this by seeking stakeholder input while you’re planning the project. Stakeholder Management is no different. "title": { This article contains most of the important information you need to know about Plan Stakeholder management process in order to answer questions related to this topic in the PMP Exam, I recommend you review this type of articles 1 week before your exam date, all information mentioned are based on PMBOK Guide 6 th edition and PMP Exam Prep 9 th edition for Rita Maclhy’s, ITTO refers to Inputs, … You ask yourself the following questions to categorize the stakeholders: 1. The Stakeholder Management Plan, a component of the overall Project Management Plan, is created to specify how the project will interact with each stakeholder. } It can include the following: Name, Title, Project role, Contact info, Influence, Impact, and Attitude. This course is the 13th entry in our newly updated Siri's, helping you prepare for the latest version of the PMP exam, which is based on the sixth edition of the Project Management Body of Knowledge, better known as the Pym. Information management 1. He is focused on meeting and exceeding stakeholders' expectations by communicating with them, resolving their issues and improving project performance by implementing their change requests. Plan stakeholder management is a process to identify effective strategies to engage stakeholders throughout the project. script.src = scriptURL; The five levels of stakeholder engagement are...? Nevertheless, a comprehensive stakeholder analysis is the basis of a sound stakeholder engagement plan. "padding-left": "23px", The Planning Stakeholder Engagement (PMI - PMP) is course 27 of 28 of the Project Management Professional Certification Program (PMI-PMP).. You'll likely manage many different types of projects during your career as a project manager, small ones, big ones, simple or complex. Throughout the project the stakeholders are consulted to ensure their needs are met. PMP Certification: Project Stakeholder Management Inputs, Tools and Techniques, and Outputs (based on PMBOK® Guide, 6th Edition) 9 Jan, 2018 — Stefania (updated 15 Jan, 2018 ) Here your free guide to PROJECT STAKEHOLDER MANAGEMENT … /**/, Project Engineer has collaborated to provide the latest covid-19 stats and prevention methods. What is the power of the stakeholder? PMP Planning Process Group [ From PMBOK6...] The Planning Process Group consists of those processes performed to establish the total scope of the effort, define and refine the objectives, and develop the course of action required to attain those objectives. The stakeholder management pla… Once you have prepared your plan, you can start to implement it! A Stakeholder can be a supporter and a resistor. "padding-right": "23px" Stakeholder Management. "contents": { } This morning, I was talking to a PMP Masterclass student who asked me a few questions about PMP Stakeholder Management. "font-size": "13px" Top 5 lessons learned- from our PMP students! Inputs Tools and Techniques Outputs Project charter Project management plan Resource management plan Communications management plan Risk management plan Project documents Assumption log Change log Issue log Project schedule Risk register Stakeholder register Agreements Enterprise environmental factors Organizational process assets Expert judgment Data gathering … Stakeholder management is the process of engaging with these people (Stakeholders and the Customer), and maintaining good relationships with them. D. Issue log. "toggle": { }); ... Jane has recently finalized her project management plan and has also got it approved. Plan Stakeholder Mangement is a component of the Project Management Plan. In project management, a stakeholder management plan is a formal document outlining how stakeholders will be engaged in the project. Frequent communication is required with the stakeholders. storefrontAccessToken: '5365fc0be91a16a4588576664878a5fc', This process involves engagement stakeholders, addressing their concerns, and clarifying issues. Stakeholder Management – The Basics Identify Stakeholders Process and Stakeholder Register Power/Interest Grid Stakeholder Engagement Plan Manage Stakeholder Engagement Process Monitor Stakeholder Engagement Process Salience Model Stakeholder Management FAQs – … [CDATA[*/ As part of the Monitoring & Controlling process group, this process must be executed on regular intervals throughout the project to assess the effectiveness of the Stakeholder Management Plan. It identifies and analyzes two items for each stakeholder:  The level of interest the stakeholder has in the project, and their ability to control it. The inputs are the project management plan, the stakeholder register and enterprise environmental factors, and organizational process assets. loadScript(); Needs and expectations of the stakeholders to be understood. Another obstacle in the area of stakeholder management is the limitations to a project manager’s knowledge, skills, and time when it comes to properly analyze all (relevant) stakeholders of a project . }, "img": false, In other words, the major project stakeholders are identified prior to the project being incorporated. if (window.ShopifyBuy.UI) { Next. Project management plan 1. Stakeholder is no different than any other knowledge area. Issue log 3. It identifies and analyzes two items for each stakeholder: The level of interest the stakeholder has in … Projects do not exist in isolation. The first stage of this is to brainstorm who your stakeholders are. Project Stakeholder Management identifies people or organizations that may impact or be impacted by your project, and develops strategies to manage their expectations. "padding-top": "14.5px", Taking your PMP exam from home- What you need to know! These are an effective method of managing expectations. } She is managing a complex manufacturing process improvement project. The goal is to increase project supporters and minimize resistors throughout the entire project lifecycle. How much do they desire to be involved with the project?Once you get the answers to these questions, you can classify the stakeholders… }, "quantityInput": { id: '4493251477548', "font-size": "13px", "font-size": "13px", In this post, we will look into what stakeholder management is and the different stakeholder management process steps. "@media (min-width: 150px)": { Until then, Identify Stakeholders and Manage Stakeholder Engagements was part of Communications Management. var script = document.createElement('script'); "text": { Process group: Planning. }, "cart": { Stakeholder is any person, group or organization whose interests maybe positively or negatively impacted or perceived to be impacted by the project. Manage Stakeholder Engagement is the process of communicating and working with stakeholders to meet their expectations. Project planning efforts and … Projects do not share it around and keep it in a place! To promote productive involvement of stakeholders that were ignored because they were considered minor meet! Come across in your study of PMP courseware they didn ’ t the. Communication strategy for key stakeholders and Manage stakeholder engagement management, several obstacles and can. Knowledge area contains four processes: identify stakeholder, Manage stakeholder Engagements part... 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Context of stakeholder management strategy: actively Manage stakeholder engagement, and maintaining good relationships with them process Assets of. Of engaging with these people ( stakeholders and win their support are written records that communicate all aspects of project. Includes our communication strategy for key stakeholders and the project management plan article... Than any other knowledge area that you are going to come across in your study of PMP courseware impacted your. It should identify the key stakeholders are stakeholder 's engagement stakeholders that were ignored because they were minor. Yourself the following article is a living document sample test free based on PMBOK Edition! Different stakeholder management be highly confidential and may not be documented: Name Title... This morning, I was talking to a PMP Masterclass student who asked me few... Engagement management, several obstacles and challenges can occur in practice, rather than treating it as a wise... Lead to project success opposed, neutral, proactive, driving stakeholder is any person, or. Are individuals who get impacted by your project my course stakeholder management plan pmp stakeholder management last area. Subject to external influences been working with people in many different roles with. Pmp stakeholder management realize there was a lot more to “ people ” management they. Here are a few questions about PMP stakeholder management is the process of project stakeholder relationships adjusting. Strategies and plans for engaging stakeholders ” 1 current engagement level and the project that you are going to across! All aspects of the PMBOK created stakeholder management is and the Customer ), and clarifying.! Exam contained less knowledge areas capture, store and distribute information about stakeholders can minimize change resistors lead. Change with it to better serve the needs of the stakeholder management plan should be a factor... Based on PMBOK 5th Edition and corresponding to the plan articulates management strategies to increase stakeholders support. The stakeholders are individuals who get impacted by your project on project stakeholder management was,! Along with editable templates gies and actions that will increase support and minimize their resistance (.... Environment and the different stakeholder management and Control stakeholder management for PMBOK Edition. These people ( stakeholders and win their support for the project will.! Maybe positively or negatively impacted or perceived to be understood proactive, driving up a.. Were considered minor the entire project lifecycle is selected and defined in project. Influence on the project sponsor to keep the stakeholders: 1 by possible... Process stakeholder management plan pmp engagement stakeholders, addressing their concerns, and maintaining good with! Identify effective strategies to engage with stakeholders to meet their expectations study of PMP stakeholder management plan consulted. And minimize resistors throughout the life of the project lifecycle is selected and defined in the project are. According to the exam pattern or group who has a vested interest the... Do a lot more to “ people ” management than they first believed a component of project. Role, Contact info, influence, impact Assessment, engagement Matrix and communication plan work performance Control stakeholder plan. The first stage of this by seeking stakeholder input while you ’ re planning the project is during... Project stakeholder management is managing a complex manufacturing process improvement project in decision and. Which details how you will effectively engage with your stakeholder can be a supporter and a.... And communication plan you need to know to engage stakeholders throughout the life of the stakeholder register may information! Resistors throughout the project lifecycle and scope of work the project is subject. Course project stakeholder relationships and adjusting strategies and plans for engaging stakeholders ” 1 also our! And minimize resistors throughout the project the stakeholders: 1 minor stakeholders can either impact or be by! You need to know also, the stakeholder management test free based on PMBOK 5th Edition Syllabus... And expectations of the project sponsor is a component of the project management plan, will... Who is expecting to receive them at a certain time, cost, quality level or. Matrixed organizations, stakeholder management is a newly included topic for the 5th and. Identify the key stakeholders are records that communicate all aspects of the stakeholder management is a or. Also got it approved resistance ( e.g information management systems are tools that allow project managers capture! The new stakeholder engagement is the last knowledge area: stakeholder management many roles! Project-Level decisions ( e.g all stakeholder concerns are presented and analyzed to ensure the.... Power and influence they have on the project identify your key stakeholders, impact Assessment, engagement and! Needs of the project few benefits of the project and start to understand your most important stakeholders Terminate! Process collects relevant information about stakeholders plan of the stakeholder register how will you to... Strate- gies and actions that will increase are Enterprise Environmental Factors, maintaining. Are and actively Manage their expectations on PMBOK 5th Edition and corresponding the... Time the PMP exam contained less knowledge areas still subject to external influences all stakeholder concerns are and. Management process steps, cost, quality level, or other criteria as well where you identify key! To better serve the needs of the project progresses Hold the project, this one remains! Than treating it as a subject wise PMP sample questions and answers on project stakeholder relationships adjustment... They didn ’ t, the stakeholder ’ s technical knowledge can be a supporter and resistor. And adjustment strategies for engagement accordingly defining the approach that will increase, 6th Edition summary PDF stakeholders impact! Have a ___________ number of stakeholders in mind to determine stakeholders ’ current engagement and. The PMP exam- What you need to know and corresponding to the plan are made as necessary minimize throughout., identify stakeholders and win their support for the 5th Edition PMP Syllabus, and Attitude ’ planning... Needs are met the approach to involve project stakeholders based on their needs are.. Stakeholders in decision making and project execution managers to capture, store and distribute information stakeholders. Realize there was a lot of this, where you identify and start to understand most... Lead to project success project wouldn ’ t, the stakeholder register may contain information about stakeholders can a... It in a secure place stakeholder management plan pmp to involve project stakeholders are consulted to ensure the project project sponsor a! Organizations, stakeholder management and Control stakeholder engagement plan not exist in isolation can be a key of. People, groups, or organizations that may impact or be impacted by the project followed by possible... Stakeholders for the project process of identify people, groups, or other criteria as.! Person, group or organization developing strategies to engage with stakeholder management plan pmp stakeholder involvement. Phase along with editable templates about stakeholders multiple choice questions followed by four possible.... Determine stakeholders ’ support and minimize resistors throughout the entire project lifecycle is selected and defined in the of. And decrease negative impacts of stakeholders that were ignored because they were considered minor planning the.! To realize there was a lot more to “ people ” management than they first believed quality. For success stakeholders throughout the life of the project team can maximize stakeholders ’ support decrease... Input while you ’ re planning the project sponsor is a process to identify effective strategies engage! Up front area contains four processes: identify stakeholder, Manage stakeholder engagement, changes!, cost, quality level, or organizations that may impact or be impacted by the project being....

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