Chat with us, powered by LiveChat Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that | Wridemy

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that

 Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.

Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

  1.  How can the stakeholders change over the course of a project? Give examples of changes in who the stakeholders are, and also in how their interests or influence over the project might change throughout the term of the project.

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student's own words – do not provide quotes!]

 [Your initial post should be at least 250+ words and in APA format (including Times New Roman with font size 12 and double spaced). 

Project Stakeholder Management

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Project Management

Chapter 5: Project Stakeholder Management

1

Outline

Definition of stakeholder

Typical stakeholders

Stakeholder management

Stakeholder Analysis

The stakeholder register

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Project Management

Chapter 5: Project Stakeholder Management

Stakeholder definition

People, groups or organizations that could impact or be impacted by the project

Source: PMBOK Guide, Fifth Edition, Page 391.

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Stakeholder management

Identify stakeholders, analyze stakeholder expectations and their impact on the project, and develop appropriate management strategies for effectively involving stakeholders in project decisions and execution.

Source: PMBOK Guide, Fifth Edition, Page 391.

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

The stakeholder register

Used throughout the project

A table used to manage interactions with the stakeholders

Lists all stakeholders and stakeholder groups

Information added and updated throughout the phases of the project:

Interests, involvement, interdependencies, influence on project success

All interactions with each stakeholder or group, whether planned or not, whether initiated by the project or by the stakeholder

Who on the project team is responsible

Closely related to the project communication plan

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Project Management

Chapter 5: Project Stakeholder Management

Project Initiation: Identify Stakeholders

Top Management

Your Manager

Peers

Resource Managers

Internal Customers

External Customers

Government

Contractors, Subcontractors, Suppliers

Others (the public, landowners, interest groups, business competitors)

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Stakeholder Analysis

Who are they?

What are their interests?

Will their interest level vary throughout the project?

Can coalitions be built?

The power/interest grid

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Project Management

Chapter 5: Project Stakeholder Management

Project sponsor

The person or group responsible for enabling success.

May be inside but is usually outside the project.

Signs off that the project is complete—the one the PM has to satisfy.

The person responsible for escalating issues that are beyond the control of the PM.

Significant role in developing the initial charter and project plan.

Source: PMBOK Guide, Fifth Edition, Page 32.

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Politics of Projects

The environment

The goals of each stakeholder or group

Goals that are openly stated or clear

Hidden agendas?

Power

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Project Management

Chapter 5: Project Stakeholder Management

Cultural influences

Groups and individuals may differ with regard to:

Communications

Negotiations

Decision-making

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Project Management

Chapter 5: Project Stakeholder Management

Relationship building

Analyze stakeholders

Assess influence

Understand expectations

Define success

Keep stakeholders involved

Keep stakeholders informed

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Project Management

Chapter 5: Project Stakeholder Management

Build respect

Be honest

Take ownership

Be predictable and reliable

Stand by decisions

Take accountability for mistakes

Supportive stakeholders are essential to project success!

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Project Management

Chapter 5: Project Stakeholder Management

Stakeholder management tools

Power/interest matrix

Cooperation-Threat matrix

Stakeholder analysis template

Stakeholder Register

Communication Plan

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Project Management

Chapter 5: Project Stakeholder Management

The power/interest grid

Keep Satisfied Manage Closely
Monitor Keep Informed

Power

Low

Interest

High

High

Low

Source: PMBOK Guide, Fifth Edition, Page 32.

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Cooperation-Threat Matrix

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Project Management

Chapter 5: Project Stakeholder Management

Engagement levels

May classify in more detail than in Initiation phase:

Unaware

Resistant

Neutral

Supportive

Leading

For each stakeholder or group. Consider potential movement from one level to another throughout the project.

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Stakeholder management plan

A component of the Project Management Plan

Desired and current engagement levels with stakeholders

Scope and impact of project on stakeholders

Interrelationships between stakeholders

Stakeholder communication requirements and plan

Time frame, frequency, format and content of planned communications to stakeholders

Method for updating the stakeholder management plan

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Project Management

Chapter 5: Project Stakeholder Management

Manage Stakeholder Engagement

Communicating and working with stakeholders to meet their needs and expectations

To increase support and reduce resistance from stakeholders

Increase the probability of project success

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Stakeholder Management Summary

Stakeholders are people, groups or organizations that could impact or be impacted by the project

Managing stakeholders is a key success factor for projects

Analyze stakeholder interests and level of influence

Build coalitions

Communicate with Stakeholders

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Creative Commons Attribution 3.0 Unported License (CC-BY).

Project Management

Chapter 5: Project Stakeholder Management

Questions?

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Project Management

Chapter 5: Project Stakeholder Management

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