Project Stakeholder Management

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== Abstract ==
 
== Abstract ==
  
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Project Stakeholder Management is a critical aspect of successful project delivery, as it involves managing the needs, expectations, and interests of all parties that have an impact on, or are impacted by, the project. Effective project stakeholder management can help to ensure that project goals are aligned with the needs and expectations of all relevant parties, and can help to build support and commitment for the project.
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According to the Project Management Institute (PMI), project stakeholder management is defined as ''"the processes required to identify the people, groups or organizations that could impact or be impacted by a decision, action or outcome of the project, and to analyze stakeholder interests, relationships and potential impact on project success."'' This article goes trough the different aspects of this definition, and then identifies why effective project stakeholder management is critical to the success of a project as it helps to build support, ensure alignment with stakeholders, and manage potential risks and challenges.
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Moreover project stakeholder management can be more challenging in the context of a public project, as public procurements for instance. In fact they often involve a wider range of stakeholders with diverse and conflicting interests. These stakeholders may include government agencies, local residents, businesses, environmental organizations, and community groups, among others. Stakeholders may have different opinions about the project goals and outcomes, and also concerns about the impact of the project on their community or environment. Additionally, the public nature of the project may attract greater scrutiny and media attention, increasing the pressure on the project team to manage stakeholder expectations and mitigate any negative impacts. It is given here proposals of lines of conduct in the management of actors on a public project.
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== Table of content ==
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I. Definition
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- History on project stakeholder management
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- Definition and importance
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II. Understanding Stakeholders
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- The different types of stakeholders (specifically in the context of a public project)
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- How to identify key stakeholders
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- Assessing stakeholder interests and expectations
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III. Stakeholder Management Plan
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- Setting stakeholder management goals and objectives
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- Developing communication and engagement strategies
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- Prioritizing stakeholders
  
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The process of project stakeholder management typically begins with the identification of stakeholders, which can include internal and external stakeholders, such as project team members, project sponsor, customers, suppliers, regulators, and the wider community. Once stakeholders have been identified, their needs, expectations, and levels of influence and interest should be analyzed in order to develop strategies for engaging and managing them effectively.
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V. Effectiveness of project stakeholder management
  
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One of the key challenges in project stakeholder management is effective communication and collaboration. Project managers need to be skilled in communicating with stakeholders, and they need to be able to manage expectations and resolve conflicts in a timely and effective manner. This can be achieved through regular communication with stakeholders, involving them in decision-making and project planning, and providing them with regular progress updates and feedback.
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- Measuring stakeholder satisfaction
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- Building support
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- Ensuring alignment with stakeholders
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- Managing potential risks and challenges
  
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Another important aspect of project stakeholder management is involving stakeholders in project planning and decision-making. This can help to build trust and commitment, and it can also ensure that stakeholders' needs and expectations are taken into account throughout the project lifecycle. In addition, project managers should be prepared to manage resistance and conflicts that may arise, and they should have strategies in place for resolving these issues in a timely and effective manner.
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VI. Project Stakeholder management in the context of a public project
  
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In conclusion, effective project stakeholder management is a critical component of project success, and it is important for project managers to have a comprehensive understanding of the key concepts and best practices of stakeholder management. By effectively managing the needs, expectations, and interests of stakeholders, project managers can help to ensure that projects are delivered on time, within budget, and to the required quality standards.
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- Complex stakeholder landscape: implication of a wide range of stakeholders, each with their own interests, needs, and concerns
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- Political sensitivity (Large sums of public money, impact on local communities)
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- Public scrutiny : intense public scrutiny that can lead to increases stakeholder expectations and heightened concerns
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- Conflicting interests
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- Time and resources constraints: Public procurement projects often operate under tight time constraints, which can make it difficult to allocate sufficient time and resources to stakeholder management + impact the ability of the project team to effectively manage stakeholders
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- Regulation and bureaucratic processes: increases the difficulty to respond to stakeholder concerns and feedback on time

Revision as of 21:03, 12 February 2023

Editing in process

Editing in process

Abstract

According to the Project Management Institute (PMI), project stakeholder management is defined as "the processes required to identify the people, groups or organizations that could impact or be impacted by a decision, action or outcome of the project, and to analyze stakeholder interests, relationships and potential impact on project success." This article goes trough the different aspects of this definition, and then identifies why effective project stakeholder management is critical to the success of a project as it helps to build support, ensure alignment with stakeholders, and manage potential risks and challenges.

Moreover project stakeholder management can be more challenging in the context of a public project, as public procurements for instance. In fact they often involve a wider range of stakeholders with diverse and conflicting interests. These stakeholders may include government agencies, local residents, businesses, environmental organizations, and community groups, among others. Stakeholders may have different opinions about the project goals and outcomes, and also concerns about the impact of the project on their community or environment. Additionally, the public nature of the project may attract greater scrutiny and media attention, increasing the pressure on the project team to manage stakeholder expectations and mitigate any negative impacts. It is given here proposals of lines of conduct in the management of actors on a public project.


Table of content

I. Definition

- History on project stakeholder management - Definition and importance


II. Understanding Stakeholders

- The different types of stakeholders (specifically in the context of a public project) - How to identify key stakeholders - Assessing stakeholder interests and expectations

III. Stakeholder Management Plan - Setting stakeholder management goals and objectives - Developing communication and engagement strategies - Prioritizing stakeholders

V. Effectiveness of project stakeholder management

- Measuring stakeholder satisfaction - Building support - Ensuring alignment with stakeholders - Managing potential risks and challenges

VI. Project Stakeholder management in the context of a public project

- Complex stakeholder landscape: implication of a wide range of stakeholders, each with their own interests, needs, and concerns - Political sensitivity (Large sums of public money, impact on local communities) - Public scrutiny : intense public scrutiny that can lead to increases stakeholder expectations and heightened concerns - Conflicting interests - Time and resources constraints: Public procurement projects often operate under tight time constraints, which can make it difficult to allocate sufficient time and resources to stakeholder management + impact the ability of the project team to effectively manage stakeholders - Regulation and bureaucratic processes: increases the difficulty to respond to stakeholder concerns and feedback on time

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