The process of communicating with stakeholders and working with them to meet their expectations, address issues as they occur, and obtain their continued commitment to the success of the project is called Manage Stakeholder Engagement.
This is further explained below.
<h3>Who is a
Stakeholder?</h3>
Generally, First used in a document circulated internally at the Stanford Research Institute in 1963, the term "stakeholder" refers to a person of an "organization on whose assistance the organization would cease to exist" in a business context. In the 1980s, R. Edward Freeman expanded on the concept and became an advocate for it.
A party is considered to be a stakeholder in an organization if it has an interest in the firm and has the potential to either influence or be influenced by the company. Investors, workers, customers, and providers are the most important stakeholders of a normal firm. Other stakeholders include customers.
In conclusion, Manage Stakeholder Engagement is the process of engaging with stakeholders and working together with them to satisfy their expectations, handle problems as they arise, and secure their continuing commitment to the success of the project.
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Complete Question
The process of communicating with stakeholders and working with them to meet their
expectations, address issues as they occur, and obtain their continued commitment to the success
of the project is called ___________________.
a) Manage Stakeholder Engagement
b) Monitor Stakeholder Engagement
c) Monitor Communications
d) Manage Project Team