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Stakeholders in Project Management

⊿ Point. {R} Glossary. ◢ Keyword: S. ◥ University. {q} PhD. {tr} Training. ⬛ ILM. ILM: Unit 1. ⚫ NI. ↂ EndNote. ☗ UU. ⬛ ILM. {t} Stakeholder. ☢️ Stakeholders. Project stakeholder. Project stakeholders are entities that have an interest in a given project. These stakeholders may be inside or outside an organization which: Examples of project stakeholders include the customer, the user group, the project manager, the development team, the testers, etc. Project stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion. They may also exert influence over the project’s objectives and outcomes. The following are examples of project stakeholders: Project leaderProject team membersUpper managementProject customerResource ManagersLine ManagersProduct user groupProject testers There are narrower views of the term stakeholder, focusing on the influencers and decision makers of a business or technological change.

Rather than focusing on one sub-set of stakeholders, Dr. References[edit] External links[edit] Project sponsorship. Project Sponsorship is the ownership of projects on behalf of the client organization.[1] There are two main differences between project sponsorship and project management. Firstly project sponsorship includes the identification and definition of the project whereas project management is concerned with delivering a project that is already defined, if only quite loosely.

Secondly the project sponsor is responsible for the project’s business case and should not hesitate to recommend cancellation of the project if the business case no longer justifies the project. It is important for every project to have a sponsor to; Ensure separation of decision making responsibilities between project manager and project sponsorEnsure accountability for the realisation of project benefitsEnsure oversight of the project management functionCarry out senior stakeholder management[2] Skills[edit] References[edit] External links[edit]

Project manager. US Navy 080111-N-8273J-033 Chief of Naval Operations (CNO) Adm. Gary Roughead talks with project managers Many other fields in the production, design and service industries also have project managers. Overview[edit] A project manager is often a client representative and has to determine and implement the exact needs of the client, based on knowledge of the firm they are representing. A project manager is the bridging gap between the production team and client. The term and title 'project manager' has come to be used generically to describe anyone given responsibility to complete a project. Project Manager Topics[edit] Project Management Project Management is quite often the province and responsibility of an individual project manager. Products and Services Project Tools The tools, knowledge and techniques for managing projects are often unique to Project Management.

Project Teams Risk Some Types of project managers[edit] Construction Project Manager[edit] Architectural Project Manager[edit] Project charter. In project management, a project charter, project definition, or project statement is a statement of the scope, objectives, and participants in a project. It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager.

It serves as a reference of authority for the future of the project. The terms of reference is usually part of the project charter. The project charter is usually a short document that refers to more detailed documents such as a new offering request or a request for proposal. In Initiative for Policy Dialogue (IPD), this document is known as the project charter. In customer relationship management (CRM), it is known as the project definition report. The project charter establishes the authority assigned to the project manager, especially in a matrix management environment. The purpose of the project charter is to document: Communication. In the realm of biology in general, communication often occurs through visual, auditory, or biochemical means. Human communication is unique for its extensive use of language. Non-human communication is studied in the field of biosemiotics. Nonverbal communication[edit] Verbal communication[edit] Effective verbal or spoken communication is dependent on a number of factors and cannot be fully isolated from other important interpersonal skills such as non-verbal communication, listening skills and clarification.

Human language can be defined as a system of symbols (sometimes known as lexemes) and the grammars (rules) by which the symbols are manipulated. Written communication and its historical development[edit] Over time the forms of and ideas about communication have evolved through the continuing progression of technology. The progression of written communication can be divided into three "information communication revolutions":[3] Business communication[edit] Effective communication[edit] Stakeholder management. A stakeholders matrix showing which strategies to use. Stakeholder management within businesses, organizations, or projects prepares a strategy utilising information (or intelligence) gathered during the following common processes: Stakeholder identification - Catalogues interested parties either internal or external to the organisation or project.

A stakeholder map is helpful for identifying the stakeholders.[1]Stakeholder analysis - Recognises and acknowledges the needs, concerns, wants, authority, common relationships, and interfaces to stakeholders and aligns this information within the stakeholder matrix.Stakeholder matrix - Positions stakeholders according to the level of influence, impact, or enhancement they may provide to the business or its projects. Stakeholder agreements is a collection of agreed decisions between stakeholders. This may be the lexicon of an organisation or project, the values of an initiative, the objectives or model of the organisation, etc. Stakeholder analysis.

Stakeholder analysis in conflict resolution, project management, and business administration, is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the action and the impact the action will have on them. This information is used to assess how the interests of those stakeholders should be addressed in a project plan, policy, program, or other action.

Stakeholder analysis is a key part of stakeholder management. Overview[edit] Stakeholder analysis is a term that refers to the action of analyzing the attitudes of stakeholders towards something (most frequently a project). It is frequently used during the preparation phase of a project to assess the attitudes of the stakeholders regarding the potential changes. Stakeholder analysis can be done once or on a regular basis to track changes in stakeholder attitudes over time. Methods of Stakeholder Mapping[edit] Benefits[edit] Executive sponsor. The role of Executive sponsor (sometimes called Project sponsor or Senior Responsible Owner) is a role in project management, usually the senior member of the project board and often the chair. The project sponsor will be a senior executive in a corporation (often at or just below board level) who is responsible to the business for the success of the project. The sponsor has a number of interfaces and responsibilities for the project.

The responsibilities for which the sponsor is accountable to the board are: Provides leadership on culture and valuesOwns the business caseKeeps project aligned with organisation's strategy and portfolio directionGoverns project riskWorks with other sponsorsFocuses on realisation of benefitsRecommends opportunities to optimise cost/benefitsEnsures continuity of sponsorshipProvides assuranceProvides feedback and lessons learnt The governance activities that take place between the sponsor and the project manager are: See also[edit] Project Sponsorship. Stakeholder (corporate) A corporate stakeholder can affect or be affected by the actions of a business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute. It defined stakeholders as "those groups without whose support the organization would cease to exist.

"[1] The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR). The term has been broadened to include anyone who has an interest in a matter. Any action taken by any organization or any group might affect those people who are linked with them in the private sector. Primary Stakeholders - usually internal stakeholders, are those that engage in economic transactions with the business. A broader mapping of a company's stakeholders may also include:[citation needed] Example R. What is a key-stakeholder? What is stakeholder.