Identify and describe the four processes involved in project stakeholder management
The four processes in project stakeholder management include the following:
Identifying stakeholders involves identifying everyone involved in the project or affected by it, and determining the best ways to manage relationships with them. The main output of this process is a stakeholder register.
Planning stakeholder management involves determining strategies to effectively engage stakeholders in project decisions and activities based on their needs, interests, and potential impact. Outputs of this process are a stakeholder management plan and project documents updates.
Managing stakeholder engagement involves communicating and working with project stakeholders to satisfy their needs and expectations, resolving issues, and fostering engagement in project decisions and activities. The outputs of this process are issue logs, change requests, project management plan updates, project documents updates, and organizational process assets updates.
Controlling stakeholder engagement involves monitoring stakeholder relationships and adjusting plans and strategies for engaging stakeholders as needed. Outputs of this process are work performance information, change requests, project documents updates, and organizational process assets updates.
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Fill in the blank(s) with correct word
Thunder Corporation is authorized to issue $500,000 of 6 percent, 10-year bonds dated July 1 . 2014, with interest payments on December 31 and June 30 . When the bonds are issued on November 1 . 2014, Thunder Corporation receives cash of $515,000, including accrued interest. The journal entry to record the issuance of the bonds would include
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A. referrals from current employees B. walk-ins C. educational institutions D. various forms of advertising media E. government employment agencies
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