Managing Stakeholder Expectations : Gavin Davies

Stakeholders include any person or groups who are directly or indirectly influenced by the project, and also those who are interested in a project or have ability to influence the outcomes of the project that can be either positive or negative. For E-tickit.com major stakeholders and their roles and work descriptions are listed

A stakeholder is someone who someone who benefits or is burdened by a corporation, or someone who the corporation benefits or is burdened by. (Steiner). Stakeholders are represented by two main groups; primary and secondary

Stakeholders are anyone who has a interest or influences the business in anyway. There are two

The project stakeholder refers to individuals, groups or organizations that are actively involved with/in the work of project or who may affect, be affected by, or perceive itself to be affected by decision, execution, completion and outcome of a project ( ). Project stakeholders have an impact on the purpose and results of the project. The project management team must identify the project stakeholders, determine their needs and expectations, and manage the demand-related impact to the greatest extent possible to achieve project success. The following are the major stakeholders of the Eastlink project:

Since all projects have stakeholders, they plays important roles within the project. The first reason why the management of stakeholders is important for a project manager is that good stakeholder management may increase the perception of the total cost. During the stakeholder Management budget process, a good stakeholder would be qualified for distributing the fund into different phases reasonably and rationally. Predicting all possible risks and minimizing those problems would reduce the extra budget as well. When I was doing the Stakeholder management budget simulation process, I was failure to take enough care of the risk prediction which led me beyond my budget. Therefore, a good management of stakeholders is important for a project manager.

this session we 're going to discuss project stakeholders will identify the types of stakeholders and the importance of understanding understanding them so that better communications can be established project stakeholders are the people involved in or affected by the project activities there either internal or within the organization or external pitcher other companies or agencies that have a vested interest in the project let 's look at some of the internal stakeholders internal project stakeholders generally include the project sponsor project team support staff and internal customers for the project other internal stakeholders could include top management other functional managers and other project managers let 's look at the external stakeholders external project stakeholders include the project 's customers if they are external to the organization competitors suppliers and other external groups that are potentially involved in or affected by the project such as government officials and concerned citizens there 's a couple tools that we 're going to be using this semester so these are there 'd be these two tools that we use to a Denver internal project stakeholders an external project takeovers and that is the stakeholder register and stakeholder management strategy there 's many times you will not know the personnel that are assembled for your team is important that you not only have the contact information which you can get from former org charts and BIOS but the you

The purpose of this study is to address the problems between project management and how project managers’ deal with managing expectations. Three of the many problems that project managers deal with while managing expectations are lack of stakeholder engagement, impossible deadlines, and resource deprivation. The project manager should be a leader who is able to organize, plan a successful project with specific goals, motivate, and demand maximum results. As a project manager, your expectations must be clearly defined and the roles and responsibilities must be spelled out of each team member. To keep the project from suffering from impossible deadlines, errors, undefined goals, lack of resource documents and lack of stakeholder engagement, it is best to request unlimited support in the beginning. When sponsors set high expectations before reading the details of the project, they are already setting the project up for failure with impossible deadlines. Impossible deadlines comes from many different project stressors, so to avoid conflict, address the scope of the project, the project plan, project risk, and project deadlines with the sponsors in the beginning. The sponsors give project managers deadlines, and those deadlines are given to the team members. Morale can quickly be diminished if you have a project manager that micromanages his team and repeatedly ask for update status. A successful project manager will share his vision with the team, and encourage them daily.

In my opinion, stakeholder management is significant to the success of every project in every organization. By engaging the right people in the right way in all projects, it can lead me to be successful. However, my plan to engage stakeholders will start from I have to understand clearly each step of stakeholder management so that I can potentially communicate and engage with my stakeholders. First, what I have learned in this class is identifying stakeholders into primary stakeholders, secondary stakeholders, social stakeholders, nonsocial stakeholders etc. Classifying stakeholder helps me to prioritize our stakeholders more effectively. Second, prioritizing stakeholders is a useful way to know who affect or are affected by my work. It can be people or organizations. Some of these may have the power either to hold back or support my projects. Some may be interested in what I am doing, others may not care. Therefore, I will be able to know what opportunities and challenges my stakeholders present to my organization. Third, stakeholder approach is also critical way to manage my project or organization better because it can be more ethical and sustainable. I have to consider the responsibilities of my organization to my stakeholders not only making profits but also following regulations, being ethical and having good

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)

A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers, customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in case it is sole

The analysis of the stakeholder management process forms a very integral role in bringing up the expertise and under playing the strategies of carefully managing the stakeholders accordingly to their power and legitimacy. The different templates are used in bringing up the analysis of the process so as to technically prove the inference that these external bodies brought onto the project. The following are the different templates that establishes the role of the stakeholders more prominently and are very necessary and basic for the analysis phase of the project.

A company’s stakeholders are individuals or groups with an interest, claim, or stake in the company, in what it does, and in how well it performs. They include stockholders, creditors, employee customers, the communities in which the company does business, and the general public.

Stakeholders who take charge and be associated with IT projects are likely to have a political agenda which they are attempting to improve. Moreover, stakeholders who are responsive to requests for information may delay the project, the reason being, the team should hold on for responses. Reactive stakeholders indicate signs of the stakeholder community having poor relationships with the IT departments. Due to strained relationships, the stakeholders are likely to participate less frequently and to a lesser

Generally speaking, stakeholders are individuals or entities who stand to gain or lose from the success or failure of a

Managing projects efficiently has always been a key to success for any organization, especially with continuous increase in global competition. For successful completion of any project organisation require proper management and control as well as planning to deliver the desired outcomes. Organizations today have acknowledged the concept of projects as a structure for conveying change; however this is not enough for an organisation to be successful. Even organizations with all type of project experience with scarce monetary and human resource sometimes fail deliberately, because they fail to realize the value of stakeholders. As described by Grimble and Wellard (1997) “[stakeholders are] all those who affect, and/or are affected by, the policies, decisions, and actions of the system; they can be individuals, communities, social groups or institutions of any size, aggregation or level in society. The term thus includes policy-makers, planners and administrators in government and other organisations, as well as commercial and subsistence user groups.” Without the on-going cooperation of stakeholders, it’s almost impossible for an organisation to survive, as stakeholders and organisations are mutually interdependent. Stakeholders are those individuals who have a keen interest in organization; also their presence can positively or negatively impact the outcome of the projects. The key to success relies on finding who the organizations stakeholders are and forming successful