Assessing Stakeholders

The third step in stakeholder analysis is assessing the influence and potential negative impacts key stakeholders may have on the project. As I said earlier, some stakeholders may have a significant amount of influence over the project and its outcomes. And as with assessing a stakeholder's role, your first step in determining the level of influence they have should be to understand the organizational structure and where they fit in. Once the stakeholder assessment is complete, you should devise a plan to deal with any potential impacts like the case mentioned earlier where a stakeholder with little influence makes a decision that could later be overturned.

Stakeholder register and stakeholder management strategy are the two outputs of this process. The stakeholder register contains the information we discussed earlier in this section in the stakeholder register template. In addition to the elements we already discussed, the stakeholder register should also contain at least the following details according to the PMBOKĀ® Guide:

Identifying information This includes items like contact information, department, role in the project, and so on.

Assessment information This includes elements regarding influence, expectations, key requirements, and when the stakeholder involvement is most critical.

Remember that the definition of a successful project is one that accomplishes the goals of the project and meets or exceeds stakeholders' expectations. Understand and document those expectations, and you're off to a good start.

Project Management Made Easy

Project Management Made Easy

What you need to know aboutā€¦ Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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