Stakeholder management pmp notes pdf

If we know the things that our stakeholders value, we have a much clearer sense of whats at risk. The study notes explain topics that are important for pmp exam preparation, and. A positive stakeholder sees the projects positive side and benefits from its success. Note that, project management processes are documented and controlled by the help of project management templates. This paper focuses on how to set and manage expectations same of the. Stakeholder management plan defines the processes, procedures, tools and techniques to effectively engage stakeholders in project decisions and execution based on the analysis of their needs, interests, and potential impact. Expectation alignment is important to ensure a successful management for stakeholders approach.

These are all those developments that affect at least particular stakeholders. This is contained in or is a subsidiary of the project management plan. The major change is that the pmbok will include agile in all the knowledge areas. Stakeholders are individuals who get impacted by the project.

The stakeholder management plan, a component of the overall project management plan, is created to specify how the project will interact with each stakeholder. Print copy of our 396page course manual shipped directly to your. For example, you can develop a strategy based on the grid cell that you placed your stakeholders when analyzing their engagement. Pmp exam study notesread these notes to understand tough concepts on this page i am providing you with a list of all blog posts published on this and my other blog. Busy might not have much time for general training. Note that stakeholders in the high influencehigh importance quadrant would be considered. Make sure that there is no operational disruption during migration.

Large projects may have hundreds or even thousands of stakeholders. As part of the manage stakeholder expectations process, the project manager works with the stakeholders, understands and addresses their needs and expectations. He is certified as a project management professional pmp by the project management institute pmi and is a member of the pmi france chapter. Stakeholder analysis is a technique used to identify the stakeholders, and their interest, experience and influence on the project. Here is what you receive with our full pmp exam prep class. Pmp certification study notes project stakeholder management. In large projects, defining a formal role for a project stakeholder manager is adequate. Those study notes were written by me based on my experience passing the pmp exam from the first trial, i wrote them based on pmbok guide 6 th edition and pmp exam prep 9 th edition for rita maclhys, while i was preparing for the pmp exam, highlighting ittos of the 49 processes, important tips on each process, terms and concepts you need to be aware of for the exam, on the left side. What you should know about stakeholder management plans. This research has yielded some results that can improve the knowled ge of project stakeholder management.

Pmp and capm exam study resources to ace your exam. Not all stakeholders have the same degree of influence on. Weve put together the ultimate pmp study notes pdf to help you with the transition. Pmp certification study notes project stakeholder management by edward chung, pmp, pmiacp, itil foundation march 26, 2018 updated for the new pmp exam thru 2020. Expert judgment, meetings, and stakeholder analysis. Note that this plan contains potentially sensitive information, so distribution. I originally created the notes for my pmp certification preparation which helped me to pass the pmp exam with 4 proficient and 1 moderately proficient. Identify stakeholders is a continually process throughout the project lifecycle. Lecture notes project management principles course notes. Some examples of key stakeholders are creditors, debtors, directors, employees, government and its agencies, owners shareholders and its suppliers, unions and the community from which the organisation draws its resources. It is useful to provide the studentstrainees with a reader and introduce the context before the role play.

This is a subsidiary of the project management plan. He has a bachelors degree in mathematics from imperial college, london, and is anassociate of the royal college of science, london. Stakeholder management strategy defines the approach to increase the. Since this summary draws so heavily on the pmbok, a lot of the language may be. Lessons in project management basics pm exam smartnotes. Therefore, this paper fills a void in the literature by using stakeholder theory and the strategic management process as the theoretical lenses through which to analyze the case study of the dod lighter.

Stakeholder analysis involves gathering information to analyze your stakeholders. Project stakeholder management according to the pmbok. From the data analysis it see ms that the project stakeholders play a major ro le in p. Theory and practice fran ackermann and colin eden this article explores how top management teams can increase the robustness of their strategies by attending to important concepts emerging from the stakeholder literature. Project stakeholder management project management in.

We focus on the latter here, because it is the most complex. Analysis of three themes emanating from this literature leads to the development of. Planning effective stakeholder management strategies to do the. As the name implies, this site is a free source of project management information. Pmi has published its syllabus for pmp exam in an ebook titled pmp examination content outline in a pdf form on. Stakeholders can affect or be affected by the organisations actions, objectives and policies. Pmp certification allinone for dummies, 2nd edition. Stakeholder engagement in these situations is often limited to random hallway.

This paper explains how project managers can use traditional risk management practices to assess the threats and opportunities in managing stakeholders. Stakeholders are not experts capable of contributing to the overall effort but also individuals driven by their own interests and desires, professionals with the ability to influence a projects outcome. Project stakeholder management involves identification of stakeholders, analysis of their expectations and influences, development of appropriate strategies to work with the stakeholders and executing the process. These stakeholders help the project management team to complete the project successfully. Although you can find the posts on the homepage as well, i am listing all of the topics again here with easy click through.

Stakeholder management is critical to the success of every project. Stakeholder management plan project management institute. Hope the notes will help you preparing for your pmp certification exam. Perform a stakeholder analysis for the pmp certification. On the contrary, it is primarily concerned with long term strategic decisions. If you continue browsing the site, you agree to the use of cookies on this website. A look at drawing information out of the right stakeholders in the risk process by carl pritchard, pmp, evp stakeholder management is a critical component of risk management. Whether you are interested in becoming a certified project management professional pmp or just enhancing your project management knowledge in. As you can also learn in the pmp certification training, all these project management knowledge areas include the processes which need to be performed in its own discipline this article will provide you a general mapping of which processes belong to which project management. Stakeholder management rita pmp notes flashcards quizlet. Notes on stakeholder management pmo perspectives blog. Managing stakeholder satisfaction as a key deliverable.

Pmp exam study notes pmp summary notes pmp important. As it stands, all of the 47 processes have been summarized. For the pmp certification, its important that you understand which stakeholders are influential, which are concerned, and which can help or harm your project and are necessary to help you develop strategies to maximize the influence of project supporters while minimizing the influence of resistors. Communications management plan communications management plan can be formal or informal, highly detailed or broadly framed based on project needs. It is important in any project to identify all stakeholders. Pmp blog project stakeholder management identifies people or organizations that may impact or be impacted by your project, and develops strategies to manage their expectations.

The following explanation is sourced from deep fried brain project. Stakeholders in project management pm study circle. Pmp stakeholder management pmp training videos pmp. Stakeholder management is a task for many roles in a project. Pmbok 6th edition pdf is a sixth publication of pmbok guide by pmi. Here are some of the models you need to know for your pmp exam.

Stakeholder management was introduced as a separate knowledge area in pmbok 5th. Additionally, a few processes have been added and a few processes will get their names changed. He nce, the importance of stakeholder management is not limited on day to day business. It identifies and analyzes two items for each stakeholder. A guide to the project management body of knowledge pmbok guide 6th. Preface thank you very much for downloading the pmp study notes based on pmbok guide 5th edition by edward chung, pmp. Stakeholder management overview project management.

Difference between project management plan and project documents. The project manager is responsible for all of the following during stakeholder management except. Quizlet flashcards, activities and games help you improve your grades. A stakeholder management plan can be very highlevel.

Domain iii stakeholder engagement is the knowledge about engaging current and future interested parties by building a trusting environment that aligns their needs and expectations and balances their requests with an. Pmp chap project stakeholder management details slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. On the other hand, a negative stakeholder see the outcome and may be. Stakeholder management is a renewed area of focus for project managers. Summaries of research for the reflective practitioner rethink. According to the pmbok 6 guide, the project management knowledge areas help to achieve an efficient project management. My signature indicates approval of this stakeholder management plan. Many of us make the mistake of thinking that pmbok is the only pmp study material that required for pmp exam. Project stakeholder management martina huemann, wuvienna university of economics and business, project management group, austria pernille eskerod, webster university vienna, department of business and management, austria claudia ringhofer, wuvienna university of economics and business, project management group. Project management professional pmp was the first credential of the project management institute awarded in 1984.