1. 2013 iZenBridge | CONFIDENTIAL PMP is a registered trademark of the Project Management Institute, Inc. Identify Stakeholders PMP Prep Topic Saket Bansal

2. 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 3. 2013 iZenBridge | CONFIDENTIAL Project Project Team Sponsor Customer Vendor Gov. Social Groups PMO Portfolio Functional Manager 4. 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) 5. 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 6. 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 changeor new ones identifiedthroughout the life cycle of the project. PMBOK Guide Fifth Edition 7. 2013 iZenBridge | CONFIDENTIAL Identify Assess Analyze Project Charter Procurement Documents EEF OPA Stakeholder Register 8. 2013 iZenBridge | CONFIDENTIAL Stakeholders Analysis Models Power/interest grid Power/influence grid Influence/impact grid Salience model: Power , urgency and legitimacy 9. 2013 iZenBridge | CONFIDENTIAL Stakeholder Register Collect Requirement Plan Quality Management Plan Communication Management Plan Risk Management Identify Risks Plan Procurement Management 10. 2013 iZenBridge | CONFIDENTIAL Change Management and Stakeholder Register 11. 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