Greetings,
Can someone please advise where PMI indicates that stakeholder expectations and risk thresholds are part of the Enterprise Environmental Factors (EEFs)? I've checked the PMBOK, Practice Guide, etc., to no avail.
From my understanding, stakeholder expectations and risk thresholds are typically not considered enterprise environmental factors (EEFs) in the traditional sense, according to the Project Management Institute (PMI) and the Project Management Body of Knowledge (PMBOK) framework. Enterprise environmental factors generally refer to the external or internal conditions, influences, and constraints that can affect the success of a project but are not under the direct control of the project team.
Stakeholder expectations and risk thresholds are critical project-specific information, but they are typically categorized as part of the project's organizational process assets (OPAs), not EEFs. OPAs include the policies, procedures, and knowledge the organization has accumulated and can use for its projects. Stakeholder expectations and risk thresholds are part of the project's context and are documented in the project management plan and other project-related documents.
Stakeholder expectations include the needs, wants, and requirements of various stakeholders, while risk thresholds define the acceptable level of risk that the organization is willing to tolerate. These are used by the project team to make informed decisions throughout the project's lifecycle, but they are typically considered internal to the project, and the project management team has control over managing and addressing them.
In summary, while stakeholder expectations and risk thresholds are crucial for project management and decision-making, they are usually categorized as part of the project's organizational process assets (OPAs) and not considered enterprise environmental factors (EEFs) in project management terminology.