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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- A stakeholder is anyone, internal or external, whose interests are positively or negatively affected by the project.
- Stakeholder identification is an iterative process that begins during project initiation and continues throughout the project's lifecycle.
- The main output of identifying stakeholders is the creation of the stakeholder register, a key project document.
- A frequent exam trap is forgetting to identify negative stakeholders, such as project opponents or government regulators, which can cause project failure.
- The "CROWS" mnemonic (Customers, Regulators, Opponents, Workers, Suppliers) is a memorable tool to ensure a comprehensive identification of all stakeholder types.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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