Stakeholder management processes minimising altercations in projects, programs and portfolios

Abstract

A stakeholder manager is an essential element for a prosperous project, program or portfolio. A stakeholder is an individual who will or can be affected by the aforementioned aspects. Thus, stakeholder management considers how the relationship between stakeholders can be affected and what processes can mitigate altercations. Stakeholder management processes are fundamental through businesses, organisations and projects, a set of strategies were developed to analyse stakeholders. The goals for the stakeholder management processes are to:

Maximise supportive stakeholder engagement Ensure the processes are understood by all stakeholders Introduce multiple key principles and processes for different stakeholder situations