The Stakeholder Management Subsidiary Plan
The ‘Project Stakeholder Management Plan’ used to determine and document individuals and entities who have a stake in the success or failure of a project. It is the systematic process used to identify individuals and/or entities who have a ‘stake’ in the success or failure of a project and to develop a plan for managing their interest, their influence, and their involvement in the project. This includes analyzing their relative interest in the project, their respective base(s) of power, as well as the potential impact that they might exert on the project. A subset of the ‘Stakeholder Management Plan’ is focused on ways to engage stakeholders in the project, to gain their support and reduce potential opposition; communications is a key component of a stakeholder engagement initiative. Stakeholder management is critical to the success of every project.
Note: Introduction and Purpose section of the subsidiary must be used to explain, in your words, the purpose of the respective project management subsidiary plan. This will be an opportunity for you to explain your understanding of each of respective knowledge domain.
An ‘exemplary’ score (2.25-2.50 points) will reflect a foundational understanding of the knowledge domain and how it integrates with your specific project in the portfolio business case. This must include the exact format requirements, it must follow the instructional guidelines, and it must align with your specific project. Errors with format, or lack of compliance with the requirements, or a mis-aligned with the content of your project will result in a loss of points. An ‘effective’ score (2.00-2.24 points) will reflect a basic understanding of the essential components of the ‘subsidiary plan.’ Errors with format, or lack of compliance with the requirements, or content not related to the specific [project, will result in a loss of points. An ‘ineffective’ score (0-1.99 points) will reflect a subsidiary plan or artifact that is poorly organized and difficult to read, one that takes the words of the resource template and uses them, one that lacks format exactness and does not follow the requirements, and/or is unrelated to your project in the portfolio.