Babok: Chapter 3

The success of a project can ultimately depend on your ability to develop the support of, and manage the expectations of, key people. The successful management of stakeholders can have a substantial and immediate impact – satisfied stakeholders can greatly improve the progress and relevance of a project and ultimately contribute significantly to its success. Undertaking a stakeholder analysis can be an important first step in managing the human and social capital resources in your project.

The concept of project scope may be one of the most ample in project management. It involves objectives, limits and intentions. Every requirement in a project as well as its characteristics must be dealt with when planning the scope. Even though it 's reasonable to say that every project is unique, the causes for which it fails are generally the same. And if you already know what these causes are, you can minimize the likelihood of problems being repeated and thus increase the chance of success.

The first step in covering stakeholder engagement is to first determine who a stakeholder is. A common misconception is that

The company also wants their stakeholders to be involved in the business, as well as be happy with the decision making process. Although a company may want their stakeholders to be included, they may have various levels of inclusion that may differ for every stakeholder. “Motivation” in stakeholder engagement means “keeping the stakeholders motivated potentially increases profitability and productivity for your company... Determine how you want them involved and the level of motivation or action needed from each group of stakeholders. Focus on the stakeholders with a great deal of power or interest in the company, but don't forget the less influential stakeholders.” Motivation is key for every stakeholder but can be crucial for those more invested

People often think of stakeholders as people with a monetary stake in an organization, but not necessarily true anymore. In the past, people considered stakeholders the people with a financial stake in the organization that would receive profits from the success of the business. Today stakeholders cover a much broader spectrum of people such as funders, administration, staff, volunteers, community, and the target population (Yuen/Terao, 2003). Each group of stakeholders has his or her influence on the program plan as well as the success of a human service organization and programs services (Yuen/Terao, 2003).

Every stakeholder have their own process and roles, it can affects or can be affects by organization’s action. All stakeholders have own satisfied and unsatisfied (appendix 2).

Defining the project scope sets the stage for developing a plan and its primary purpose is to define as clearly as possible the deliverables and to focus project plans (Gray & Larson, 2006). The team has

If stakeholders are correctly evaluated then this evaluation will determine the authority levels, responsibilities, their weaknesses and strength, risk tolerance and stakeholder’s strategy. After doing this evaluation, an important information will be attained which helps in prioritizing the needs of the stakeholders and fulfilling their expectations which is the critical part of BUPA vision.

Stakeholders are people or groups with interest in an organization that can affect or be affected by the organization itself, its objectives, or its policies (BusinessDictionary, 2015). Each stakeholder brings their own perspective to the table based on their relationship with the organization (e.g. internal or external role), their level of experience, and their area of expertise about the subject matter they are involved with. At a high level, the list of stakeholders for any organization could include people or groups such as: customers, employees, government agencies, suppliers, unions, community resources, shareholders, and business owners. For the purpose of this assignment, I will discuss and review stakeholders relative to the

1. Decide on a set of appropriate actions (minimum of 2 per stakeholder group) that you can take to maximise the chances of the following stakeholder groups actively participating in your project: Divisional Finance staff, HQ Finance staff and the I.T. team. For each action that you suggest ensure that you consider both the potential positive and negative sides of your approach. (6 marks)

Stakeholder participation or engagement with organizations is essential in any accountability relations (Rixon, 2010) as it involves eliciting the support of, and consultation with stakeholders on issues relating to their relationships with the entity (Cornwall et al., 2000; Fang- Jing, 2000; Adams and Evans, 2004; Friedman and Miles, 2006). This is the rationale for modifying the stakeholder-accountability model (figures 17 and 18) to incorporate the ‘network of roles’ element. Empirical evidence has shown the importance of engagement, support and commitment to the execution of the NCDMB’s accountability. Although some stakeholders have shown contrary views, the majority opinion was that the level of engagement of the board was satisfactory (see section 8.3.2). Two statements were generated to assess the adequacy of stakeholder engagement practices of the NCDMB.

Project Managers will obtain a holistic view of the project and the detailed definition of project boundaries will integrate and enable consideration of technical organization, personnel and marketing objective in the project, in other words all aspects around the project. (Cleland 1994)

A comprehensive project scope analysis serves several benefits that permit a company to guide the dream of a project to a successful completion.  One benefit is transforming the idea of the project into a working concept.  Once the concept is developed, project details can be mapped out.  Scope analysis outlines each step of the project in a detailed manner.  The primary benefit to this is it aligns the project so that the final product will be consisted with the original goals/objectives.  By outlining each step, scope analysis increases the likelihood that the project will stay within budget and time constraints as well as meet predetermined specifications and quality parameters.

Stakeholders are the group or number of people who are directly or indirectly related to a particular business. Stakeholders can be directors, customers, employees, government, agencies, owners, suppliers, unions and the community from which the business draws its resources (Campbell, 2002). However, stakeholders are a crucial part for the success of business. If an organisation knows it’s stakeholder, then it can determine where, there is prospect for business and also by analysing stakeholders, business can set its operational activities (Graham, 2005).

Stakeholders are an integral part of a project. They are the end-users or clients, the people from whom requirements will be drawn, the people who will influence the design and, ultimately, the people who will reap the benefits of your completed project. Stakeholders are any individual, group or business with a vested interest (a stake) in the success of an organization is considered to be a stakeholder. A stakeholder is typically concerned with an organization delivering intended results and meeting its financial objectives. It is extremely important to involve stakeholders in all phases of your project for two reasons: Firstly, experience shows that their involvement in the project significantly increases your chances of success by building in a