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BUSI 415
KNOWLEDGE AREA PAPER ASSIGNMENT INSTRUCTIONS
OVERVIEW
You will complete 4 PMBOK Knowledge Area Paper Assignments throughout this course:
1. Knowledge Area Paper: Resource or Stakeholder Management Assignment
2. Knowledge Area Paper: Communication Management Assignment
3. Knowledge Area Paper: Risk Management Assignment
4. Knowledge Area Paper: Procurement Management Assignment
INSTRUCTIONS
For each paper you will support the following requirements:
1. Write Introduction and conclusion that frame and wrap up all of the major points of the
paper.
2. Cover all phases of the knowledge area according to PMBOK.
3. Cover all processes of the project process groups according to PMBOK.
4. Cover an explanation of adaptation of the knowledge area in Agile and Adaptive
methodologies
5. Add Bible verse(s) related to the knowledge area with discussion and application to
business today.
6. Utilize the textbooks and at least 4 additional scholarly resources.
7. Format in current APA with correct spelling and grammar
8. At least 3 pages long NOT including the Title and Reference page.
Consider the following in your paper.
1. Knowledge Area defined
2. How to plan and execute the Knowledge Area work within the project process groups of
Initiating, Planning, Monitoring & Controlling, and Closing processes? What happens in
each process (where applicable)?
3. How would you perform the Knowledge Area in Agile and other adaptive methodology
environments?
4. Give an example of the Knowledge Area from the Bible (include the verses). Explain
how your example is an example of resource (or Stakeholder) management and explain
how you would apply these Biblical principles in business today.
For Module 2: Week 2 - Choose either Resource Management or Stakeholder Management
as your topic for this paper. You are not expected to do both. For Module 4: Week 4 the topic
is Communication, Module 6: Week 6 Risk, and Module 8: Week 8 Procurement
Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.
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Running Head: KNOWLEDGE AREA 1
Knowledge Area
Name
Tutor
Course
Date
KNOWLEDGE AREA 2
Knowledge Area
Resource/Stakeholder management is among the critical PMBOK Knowledge Areas,
influencing significant responsibilities for initiating, managing, and controlling phases. The
foundation of this knowledge area is the identification of possible stakeholders of a project and
categorizing them as either internal or external (Zakrzewska et al., 2022). The former implies all
agents within an organization or a project. Examples include project sponsors, owners, teams,
and consultants. External stakeholders operate outside an organization, including clients,
vendors, government agencies, and shareholders (PMI, 2017). The following discussion aims to
assess resource/stakeholder management in detail. It captures the planning and execution of the
knowledge areas in the context of a project, and the knowledge performance is in Agile and
similar adaptive environments. The discussion also incorporates a biblical perspective that relates
to stakeholder management.
Defining the Knowledge Area
Resource/Stakeholder management in PMBOK is the process of overseeing the
expectations of all the involved parties or all people interested in or affected by a project.
Management is a guiding principle and an umbrella phrase that means identifying stakeholders,
planning for their management approaches, and managing, engaging, and controlling their
engagement (Riahi, 2017). In the planning phase, project managers are tasked with identifying
the stakeholders’ rights and their roles in the project. The execution involves managing their
expectations and ironing out all possible issues through frequent communication (PMI, 2017).
Stakeholders’ management and control entail all functions for guaranteeing that their
expectations are fulfilled and that they accept a project’s deliverable, leaving them satisfied.
KNOWLEDGE AREA 3
Planning and Executing the Knowledge Area
Managers identify stakeholders in the initial phase of a project. Also in the line of
identification are business needs and opportunities and how the set team and resources can solve
the problem. Through a feasibility study, the managers identify the stakeholders that a project
will affect and how they will influence it and implement means for relaying input to this group
(Caibula & Militaru, 2021). Identifying stakeholders’ interests requires quantitative and
qualitative analysis that supports managers in systematically establishing their varied
expectations and the existing relationships with a project. This information can prompt the
building of partnerships to optimize the derivable of a project.
The planning phase of a project lifecycle is diverse and designed to support managers
throughout the project, from the scope, schedule, and budget to stakeholders’ management
(Zakrzewska et al., 2022). The primary outcome of this phase is a project management plan
(PMP) with sub-plans. Stakeholder management in this phase includes engagement initiatives
curated to involve stakeholders in a project based on their interests, expectations, interests, and
impact on the deliverables. Managers roll out this plan in intervals but throughout the entire
lifecycle (PMI, 2017). Engagement activities support delivering realistic plans acceptable to all
through interactions between a project team and all the stakeholders.
Project execution is piecemeal, a phase where most of the time and budgetary resources
are consumed while advancing the actual deliverables. It includes numerous processes skewed
towards guaranteeing the expected deliverables and supported by frequent communication
between a project team and all stakeholders (Riahi, 2017). One of the objectives of managing
stakeholders in this phase is facilitating the delivery of their expectations. Therefore, project
KNOWLEDGE AREA 4
managers integrate their concerns and strive to address all their issues to maximize success
opportunities.
Controlling and monitoring is the second largest project phase that occurs throughout an
entire project and later to ensure sufficient oversight. The main focus of this phase is to identify
and mitigates potential issues and unexpected occurrences risking a project (Caibula & Militaru,
2021). Project managers continuously monitor stakeholders’ engagement to deliver value and
satisfaction. The process also helps maintain and optimize the effectiveness and efficiency of
engagement activities. In the closing phase, project managers compare the extent of
stakeholders’ satisfaction with their expectations and the initial expectations (Caibula & Militaru,
2021). This process aims to identify any deviation between the stakeholders’ expectations and
deliverables as one of the performance indicators of a project.
Agile and Adaptive Methodology Environments
In Agile and adaptive environments, teams are envisioned as complex adaptive systems
rather than traditional command and control systems that many organizations follow. Project
managers build stakeholders’ engagement based on the principles of self-management and self-
organization (Zakrzewska et al., 2022). This goes beyond the traditional culture and
accommodates stakeholders’ flexibility and creativity. Agile and adaptive environments require
direct engagement with stakeholders than through the management channels, which demands
managers to capitalize on the co-creative process.
Knowledge Area from the Bible
1 Corinthians 12:12 teaches that For just as the body is one and has many members, and
all the body members, though many, are one body, so it is with Christ (Riahi, 2017). The
KNOWLEDGE AREA 5
message of this verse is one body and many members, which can be interpreted to mean the
significance of engagement and collaboration in project management. This verse applies in the
modern business world to emphasize the significance of stakeholders’ management. Just like the
body of Christ made up of many members, a project involves many members (stakeholders) who
work collaboratively for the greater good.
Conclusions
Stakeholders or resource management is among the Knowledge Areas of project
management that focuses on dealing with the involved resource in project implementation.
Project managers should focus on stakeholders’ identification, analysis, and engagement
throughout the project life cycle. The managers require capitalizing on self-management to
accommodate flexibility and creativity in managing stakeholders in agile and adaptive
environments.
KNOWLEDGE AREA 6
References
Caibula, N. M. & Militaru, C. (2021). Stakeholders influence on the closing phase of projects.
Postmodern Openings, 12(1): 136-148. Retrieved from
https://doi.org/10.18662/po/12.1Sup1/275
Project Management Institute. (PMI). (2017). 12.1 Plan procurement management
Riahi, Y. (2017). Project stakeholders: Analysis and management processes. International
Journal of Economic and Management Studies, 493): 34-39. Retrieved from
https://www.internationaljournalssrg.org/IJEMS/2017/Volume4-Issue3/IJEMS-
V4I3P108.pdf
Zakrzewska, M., Powowar-Sulej, K., Jarosz, S., Sagan, A. & Soltysik, M. (2022). The linkage
between Agile project management and sustainable development: A theoretical and
empirical view. Wiley Journal of Sustainable Development, 30(5): 855-869. Retrieved
from https://onlinelibrary.wiley.com/doi/10.1002/sd.2285?af=R
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