PMP : Identify Stakeholders : iZenBridge

© 2013 iZenBridge | CONFIDENTIAL PMP is a registered trademark of the Project Management Institute, Inc. Identify Stakeholders – PMP® Prep Topic Saket Bansal

© 2013 iZenBridge | CONFIDENTIAL Project Stakeholders An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project. - PMBOK® Guide Fifth Edition

© 2013 iZenBridge | CONFIDENTIAL Project Project Team Sponsor Customer Vendor Gov. Social Groups PMO Portfolio Functional Manager

© 2013 iZenBridge | CONFIDENTIAL Are the project team members part of stakeholders ? The total number of potential communication channels is n (n – 1)/2, where n represents the number of stakeholders. PMBOK® Guide Fifth Edition (Page. 292)

© 2013 iZenBridge | CONFIDENTIAL Identifying Stakeholders The process of identifying the people, groups, or organizations that could impact or be impacted by a decision, activity, or outcome of the project; and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success. PMBOK® Guide Fifth Edition

© 2013 iZenBridge | CONFIDENTIAL When Do We Identify Stakeholders? Executing Monitoring Planning Initiating Closing “ The stakeholder register should be consulted and updated on a regular basis, as stakeholders may change—or new ones identified—throughout the life cycle of the project.“ PMBOK® Guide Fifth Edition

© 2013 iZenBridge | CONFIDENTIAL Identify Assess Analyze Project Charter Procurement Documents EEF OPA Stakeholder Register

© 2013 iZenBridge | CONFIDENTIAL Stakeholders Analysis Models • Power/interest grid • Power/influence grid • Influence/impact grid • Salience model: Power , urgency and legitimacy

© 2013 iZenBridge | CONFIDENTIAL Stakeholder Register Collect Requirement Plan Quality Management Plan Communication Management Plan Risk Management Identify Risks Plan Procurement Management

© 2013 iZenBridge | CONFIDENTIAL Change Management and Stakeholder Register

© 2013 iZenBridge | CONFIDENTIAL Stay Connected YouTube Channel www.youtube.com/izenbridge PMP® / PMI-ACP® Discussion Forum forum.izenbridge.com Contact Us Saket.Bansal@iZenBridge.com www.iZenBridge.com