Stakeholder Management Notes: Definitions & Explanations PDF | Download eBooks
Study Stakeholder Management lecture notes PDF with project management definitions and explanation to study “What is Stakeholder Management?”. Study stakeholder management explanation with project management terms to review project management course for online MBA programs.
Stakeholder Management Definition:
Stakeholder Management includes the processes required to identify the people, groups, or organizations that could impact or be impacted by the project, to analyze stakeholder expectations and their impact on the project, and to develop appropriate management strategies for effectively engaging stakeholders in project decisions and execution.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Stakeholder Management Notes:
Stakeholder is a person, an organization or a group of people or organizations that is involved in a project and is affected by the project's outcome and results. A process that involves identifying the stakeholders, analyze their expectations and effects on the project, and properly managing the relationship with the stakeholders is called stakeholder management. Stakeholder management enables an organization or a project team to devise strategies that will help to engage the stakeholders in the project related decisions and general execution of the project. As the stakeholder affect the project and are also affected by the project, they must contribute to the decision making process.
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