During the initiation phase of a project, what is the BEST way for a project manager to assess the level of impact and engagement of the project's stakeholders?
Send a survey to stakeholders asking about their expectations.
Conduct a stakeholder analysis to evaluate their power and interest.
Hold a kickoff meeting to introduce the project to stakeholders.
Create a stakeholder register that lists all stakeholders and their contact information.
Conducting a stakeholder analysis is the best method to assess stakeholders' level of impact and engagement. It involves evaluating each stakeholder's power and interest in the project, allowing the project manager to develop appropriate strategies for stakeholder management. Creating a stakeholder register is important for documenting stakeholder information but does not assess their impact and engagement levels. Sending a survey may gather stakeholder expectations but might not accurately determine their power and interest. Holding a kickoff meeting introduces the project but does not provide an assessment of stakeholders' influence on the project.
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What is stakeholder analysis?
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What does the power/interest grid look like?
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Why is stakeholder engagement important in project management?