Certified Supply Chain Professional (CSCP) Practice Exam

What does identifying stakeholders include?

1. Creating the project schedule

2. Developing a stakeholder registry

3. Allocating project resources

4. Setting project objectives

The correct answer is: Developing a stakeholder registry

Identifying stakeholders is a crucial step in project management because it involves recognizing all individuals, groups, or organizations that have an interest in the project or could be affected by its outcomes. Developing a stakeholder registry is an essential part of this process. This registry acts as a comprehensive list of stakeholders, along with relevant information such as their interests, influence, and contact details. Having a stakeholder registry benefits the project team by facilitating effective communication and engagement strategies tailored to the needs and expectations of different stakeholders. It allows for better assessment of stakeholder impact on project success and helps in managing relationships throughout the project's lifecycle. By maintaining an organized list of stakeholders, project managers can ensure that the right individuals are kept informed and involved as necessary, ultimately contributing to a more successful project outcome. Creating a project schedule, allocating resources, and setting project objectives are all critical project management tasks, but they do not focus specifically on the identification and cataloging of stakeholders. These activities follow after the stakeholders have been identified and assessed, highlighting the importance of having an established registry to inform those decisions.