Stakeholder Management Flashcards MRICS L2

4 important questions on Stakeholder Management Flashcards MRICS L2

RAPID REVIEW 7 — Key statistic about project problems

Over 70% of problems on projects are human, not technical. Stakeholder engagement is strategic, not administrative.

RAPID REVIEW 8 — Principal-agent theory in stakeholder management

Principal (client) = goal-setter. Agent (consultant/contractor) = acts on behalf. Conflict arises when agent's interests diverge. Stakeholder management reduces this gap through transparency, KPIs, and regular communication.

RAPID REVIEW 9 — WHO + WHAT + HOW model

WHO = identify stakeholders and what they value | WHAT = define success from each stakeholder's perspective | HOW = plan how to deliver and demonstrate value to each group
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

RAPID REVIEW 10 — Al Ula Case Study link to Stakeholder Management

SEC (Saudi Electricity Company) = High Power/High Interest Key Player on critical path for Power on Site milestone (01 Aug 2025). Applied: CASE model (Steps 3–5), RACI matrix, Principle 2 (consult early), Principle 7 (stakeholder as risk). Result: load schedule submitted 3 weeks early — milestone protected.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo