Guide for Stakeholder Identification - PMBOK Guide Seventh Edition

Stakeholder Identification is a vital process in project management. Why it is Important:
Stakeholder Identification is important because it helps to understand who may be impacted by the project and whose interests should be taken into account. Without identifying these individuals or entities, a project can experience unexpected barriers or overlooked requirementsWhat it is:
Stakeholder Identification is the process of identifying all people, organizations, and entities that have an interest in a project. These can include employees, customers, suppliers, investors, government bodies, etcHow it works:
Stakeholder Identification works by first creating a list of potential stakeholders. This usually involves brainstorming sessions and discussions with team members, sponsors, and other key individuals. Once the list is created, the next step is to assess the potential influence or impact each stakeholder may have on the project. How to Answer Questions Regarding Stakeholder Identification in an Exam:
When answering exam questions, remember that stakeholders are not only those who are directly affected by the project but also those who may influence it indirectly. Also, consider the perspective of stakeholders in hypothetical scenarios and the best approaches to manage their expectationsExam Tips: Answering Questions on Stakeholder Identification:
1. Understand what the question is asking: Before you answer make sure you understand what the question is asking you. 2. Identify the stakeholders: Look for clues in the question that may hint at who the stakeholders could be3. Remember their interests: Always keep the stakeholders interests in mind. Remember, they may not always have the same goals as the project.