The stakeholder register is a document that identifies all project stakeholders along with relevant information about each individual, group, or organization. This information typically includes contact details, roles in the project, level of interest, and potential for influence on project success…The stakeholder register is a document that identifies all project stakeholders along with relevant information about each individual, group, or organization. This information typically includes contact details, roles in the project, level of interest, and potential for influence on project success. Creating and maintaining a stakeholder register is essential for effective stakeholder management as it helps ensure that all stakeholders are identified and their needs are taken into consideration, ultimately leading to better communication and collaboration.
Guide on Stakeholder Register based on PMBOK Guide Seventh Edition
The Stakeholder Register is an essential document in project management that identifies all stakeholders in a project. It's importance lies in its ability to help project managers understand and manage their stakeholders more effectively. It contains relevant information about the stakeholders like their interests, influence, communication needs and impact on the project.
To understand how it works, let’s dive deeper into its components: Stakeholder Identification: A comprehensive list of all individuals, groups, and organizations that may impact or be impacted by the project. Stakeholder Assessment: It captures information such as stakeholder position towards the project, level of influence and impact, and potential for causing risks. Stakeholder Classification: Categorizes stakeholders based on attributes like influence, power, interest or attitude.
For the exam, when answering questions on Stakeholder Register, be aware that its main purpose is to help manage stakeholder expectations and aid in stakeholder engagement. Remember, the stakeholder register is created during the initiating phase of the project and it's a vital input for the Stakeholder Management Plan.
Exam Tips: When answering questions about the Stakeholder Register, choose options that highlight its use for understanding stakeholder needs, interests, and potential impact. Also, note that options that stress upon it's importance in communication planning, managing expectations and reducing risks will most likely be correct.
During the execution phase of a project, you notice a newly onboarded team member is not aware of the key stakeholders. As a project manager, what should you do?
Question 2
During a project review, you identify a discrepancy in the Stakeholder Register. A key stakeholder's level of influence is listed as 'Low', but their recent promotion suggests it should be 'High'. What should you do?
Question 3
As a project manager for a software development project, you are creating the Stakeholder Register during the project initiation phase. During a meeting with the project sponsor, you discover that a key stakeholder from the marketing department has been overlooked. What should be your next course of action to address this situation?
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