Guide to Stakeholder Engagement (Based on PMBOK Guide Seventh Edition)
What is Stakeholder Engagement?
Stakeholder Engagement is an essential part of project management that involves identifying the stakeholders in a project, understanding their expectations and requirements, and managing their interests and involvement during the entire course of the project.
Why is Stakeholder Engagement Important?
Stakeholder Engagement is critical to the success of a project because effective engagement can result in strong relationships with stakeholders, which leads to open communication, collaboration, and mutual trust and respect. This can significantly enhance the chances of project success, as it ensures that all stakeholder requirements are understood and met.
How does Stakeholder Engagement work?
Stakeholder Engagement works by identifying who the stakeholders are, understanding their needs and expectations, and then managing these throughout the project life cycle. The four key activities are: Identify Stakeholders, Plan Stakeholder Engagement, Manage Stakeholder Engagement, and Monitor Stakeholder Engagement.
How to answer questions regarding Stakeholder Engagement in an exam?
Answering questions on Stakeholder Engagement requires understanding the key principles and steps in the stakeholder engagement process. Knowing the activities involved in identifying, planning, managing and monitoring stakeholder engagement can help in correctly answering exam questions.
Exam Tips: Answering Questions on Stakeholder Engagement
- Understand the key activities involved in Stakeholder Engagement and their purpose
- Know how to identify and classify stakeholders, and how to manage their expectations
- Exercises with case studies to understand real-life scenarios
- Practice questions regularly to get familiar with this topic