Stakeholder Management
Stakeholder Management
Running a successful project requires a high degree of stakeholder management. So who are stakeholders? A stakeholder is anyone who has an interest in your project or will be affected by its deliverables or output. It is important to understand the values and issues that stakeholders have in order to address them and keep everyone on board for the duration of the project.
Project Management: Stakeholder Risk Management
Is it really true that on time, on budget, and fulfilling all requirements means project success? Whose requirements are we really trying to meet anyway? And who decides if the original due date can be changed when the scope grows? In this article we'll address the people swirling around your project, stakeholders. You'll find some useful tips and other resources for optimising stakeholder involvement in your project.
Avoiding the "Dark Twisty Turn-filled Tunnel Syndrome"
Many a well conceived project ends up in the scrap heap because of inadequate expectation setting, or sponsors and key stakeholders that become disinterested or impatient with projects that don't produce deliverables quickly enough. These projects, after creating an initial buzz, appear to enter "a dark twisty tunnel" where the light from the tunnel entrance is no longer seen, the tunnel exit is nowhere in sight, and inadequate milestones exist to indicate forward progress. Avoiding this trap is no trivial matter, as it is more than just defining milestones for your project.
Persuasion and Perception
Every year, between forty and seventy percent of all corporations and public sector bodies attempt to make strategic change. Overwhelmingly, formal projects are the preferred structure used to organise such effort, regardless of whether the underlying goals are defined in terms of business process reengineering (BPR), technology upgrades, mergers and acquisitions, due diligence or similar concepts.
Do You Want to Discover the Truth About Your Projects?
The different types of project review each have their own characteristics and benefits. For any review however it is important to decide what the overall purpose is, and who should gain what from the output. This step is missed out in many cases and the design of the review is not given sufficient attention. A review should consider both the project management standards and the subject matter of the project. Mistakes in either or both of these can lead to disaster, and it can take considerable skill and knowledge to uncover the truth.