Stakeholder Management

Understanding the Basics of Project Stakeholder Management

Identifying stakeholders is a crucial process in project stakeholder management. It involves the regular identification of project stakeholders and the analysis and documentation of their interests, involvement, interdependencies, influence, and potential impact on project success.

The key benefit of the Identify Stakeholders process is that it enables the project team to determine the appropriate focus for engagement of each stakeholder or group of stakeholders. This targeted approach ensures effective communication and collaboration, enhancing project outcomes.

The Identify Stakeholders process is performed periodically throughout the project as required. It often takes place for the first time either before or during the development and approval of the project charter. However, it should be repeated as needed, particularly at the start of each project phase or when a significant change occurs in the project or organization.

The inputs, tools and techniques, and outputs of the Identify Stakeholders process are critical to its successful execution. These include stakeholder registers, stakeholder analysis tools, and stakeholder engagement plans, among others.

During each repetition of the stakeholder identification process, it's important to consult the project management plan components and project documents. These resources provide valuable information that can help identify relevant project stakeholders and understand their potential impact on the project.