In all kind of project, there will be people and/or organizations (for next will be mentioned with only people) that will have benefit or loss on the project's execution; these people are grouped as "Stakeholders". People with interest or influence/power to a project are also stakeholders.
It is very important to identify all (if possible) stakeholders in the Identify Stakeholders process and of course further manage their expectations. With complete stakeholders' identification and proper management of their expectations, it will be relatively easier and manageable to form positive synergy amongst project's scope, stakeholders' expectations, and The Direct and Manage Execution process.
The result of this process is Stakeholder Register and Stakeholder Management Strategy which may include the stakeholder's power/interest grid chart. The chart will have more/less similar look like the following figure:
By having the two documents, it will be easier to plan communication for the stakeholders. This communication plan will be discussed in a different post.
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