Stakeholder Management PMBOK Insights

Stakeholder Management PMBOK Insights

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:

1. Who would you define as a project stakeholder? Possibly list some categories of stakeholders
2. List 3 to 5 reasons why stakeholder management is important to project success
3. What are some possible consequences of stakeholder mismanagement
4. 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.
5. How can these insights be integrated into your capstone Stakeholder Register?