Project Management: Stakeholders

Course Description:

This session will guide you through a variety of topics that will help you understand the concepts of stakeholder analysis and management. By the time the session is over, you should be familiar with the purpose of a stakeholder analysis, how to identify your project’s key stakeholders and important peripheral stakeholders, why you should involve stakeholders and why getting to know them is important, and understanding some different methods for conducting a stakeholder analysis.

Why “Project Management: Stakeholders” Matters:

• Stakeholder analysis can help a project identify the interests of all stakeholders who may affect or be affected by the project.
• It can help identify potential issues that could disrupt the project.
• Stakeholder analysis can help identify key people who will be involved during the execution of the project.
• It can also help identify groups that should be encouraged to participate in different stages of the project.
• Stakeholder analysis can help identify communication planning and stakeholder management strategy during the project’s planning phase.
• Finally, stakeholder analysis can help identify different ways to reduce potential negative impacts and manage difficult stakeholders.

Key Points:

• Identifying your project’s stakeholders is an essential part of your project’s planning process.
• Analyze your stakeholders’ interest and influence on your project by getting to know them well, and understand how they relate to each other.
• Encouraging participation and creating trust will greatly enhance your communication process and improve production.
• Teamwork and consideration are critical aspects of working with your stakeholders.
• Clearly map out expectations for your stakeholders, but be prepared to be flexible.
• Know what motivates your stakeholders, not just their expectations.
• Remember, your project’s success depends on satisfying your stakeholders.