Communication Management

First, you need to identify and analyze all of your stakeholders. Knowing your stakeholders helps you think about their needs and expectations, which is important so that you can figure out what kind of communication you need to have with them and how often you need to communicate. Next, you need to decide how you will communicate with your team. You will also decide on how you distribute the information (for instance, on what kind of media will the information be distributed). You need to create a communications plan detailing how and when you will communicate with your stakeholders. This plan includes a communication matrix that you will use to organize your communication with your team and stakeholders. You need to decide how you are going to report on your project’s continued performance. Performance reporting will focus on earned value, an important measurement process in project management. Finally, in the last exercise highlighting closing processes recommended by PMI, you will learn about project closeout.