Final answer:
A project manager identifies stakeholders by considering those who have an interest or can be affected by the project. They involve stakeholders in risk management by communication, seeking feedback, and ensuring buy-in through various engagement strategies.
Step-by-step explanation:
To identify stakeholders for a project, a project manager must look into individuals or entities that have an interest or can be affected by the project outcomes. This process might include analyzing the project's influence and who benefits from or is burdened by its results. Stakeholders for a project can include customers, the design team, the company that employs the design team, users, and sometimes government agencies.
Once stakeholders are identified, involving them in risk management is crucial. The involvement starts with communication, ensuring stakeholders are aware of the project and its potential risks. Then, the project manager should solicit their feedback and involve them in the planning stages. Buy-in from stakeholders is essential and can be achieved through training sessions, meetings, or feedback surveys to help them understand the project plan and contribute their knowledge to the project's risk management strategies.
If stakeholders are not effectively identified or do not see themselves as stakeholders, as seen in the mini-case study, the project may suffer from a lack of engagement. This could lead to inadequate feedback and insights into potential project risks, which can hinder the risk management process.