This week, one of the assigned readings is an article by Pedro Serrador on Stakeholder Management. This article highlighted the importance of stakeholder management for project success. As a matter of fact, in the latest edition of the PMBOK® Guide, stakeholder management has been added as an entirely new knowledge area. Please answer the following questions related to stakeholder management:
- Who would you define as a project stakeholder? Possibly list some categories of stakeholders
- List 3 to 5 reasons why stakeholder management is important to project success
- What are some possible consequences of stakeholder mismanagement
- Provide at least one professional example of a situation where effective stakeholder management either significantly benefited a project or where ineffective stakeholder management harmed a project. If you do not have a personal example from a professional setting, research a project online and provide the information requested.
- How can these insights be integrated into your capstone Stakeholder Register?