Project Management at Deep Blue Seaways

19 6.1 Strategic Risks ....................................................................................................... 19 6.2 Project Risks .......................................................................................................... 20 Stakeholder & Communications Management ..................................................................... 21 7.1 Stakeholder Assessment ....................................................................................... 21 7.2 Stakeholder Importance and Influence................................................................... 24 7.3 Community Consultation and Key Stakeholder Information.................................... 25 7.4 Key Messages ....................................................................................................... 25 7.5 Required Approvals................................................................................................ 25 7.6 Organisational Impact ............................................................................................ 25 Project Schedule.................................................................................................................. 26 8.1 Overall Project Schedule........................................................................................ 26 8.2 Staging of Works ................................................................................................... 26 Project Organisation

Educate stakeholders. Their trigger points must be understood in order to educate them for example by considering questions such as, what information do they expect or who has the best influence on the stakeholder.

There would be suitable infrastructure setup for construction, thereafter delivering technical support for their operational lifespan.

It is important with any project to involve the key stakeholders from the very beginning. This will help make the projected project plan as robust as possible and would also help to make the top management team more away of the plan. In order to make an accurate assessment of what is needed to complete this project it is important to identify the key stakeholders. The following people have been identified as the stakeholders.

Major stakeholders, public opinion and their involvement are going to navigate the project and can make adjustments. This project has taught me so well about having an ongoing active engagement with stakeholders. Freeman first communicated stakeholder theory in 1984 describing stakeholders as any groups who are touched by or can affect the success of an organization’s goals. It’s important to consider that stakeholder engagement does not have a start and end point. The association needs to be maintained and nurtured. Growing the value of stakeholder relationships, cheering them to buy into an organization’s prophecy, along with getting stakeholder’s perceptions so that a business can continue to

Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the

The challenge is to take the viewpoints and actions of these specific groups into account. The objectives and interests of the people, social groups or institutions participating in or affected by the project should always be included in planning, through a stakeholder analysis. This step is generally done during the planning workshop, after a thorough analysis of the situation in the field. The objectives of the stakeholder analysis are: to list and characterise the major stakeholders to understand their present and potential roles and responsibilities to understand their interests, fears, problems and potentials to draw conclusions for the planning of the project.

The Blue Spider Project is an example of how a project manager incorrectly balanced the staff and work, resulting in a poor performance from a project. We see that Parks

As the manger of a large financial project for company Bev shoes I am facing some challenges. The project is running behind schedule and we have a new CEO. In the meeting with the CEO I had to make him aware that the project deadline is at risk and his response was to take staff from a project with less importance and put them on the financial project. From the outside this looks like a great solution to the problem because more staff could get the work done faster and put the project back on schedule. I have to disagree with the CEO’s point of view because just assigning more people

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

Q1: During the module you were a member of a project team on the project management exercise. Write a report reviewing and critically evaluating the performance of your team on that exercise. Your report should concentrate

Here you can highlight a performance level which exceeds the required performance level if need be by placing a 6 in the box; this represents an over-performance, while in the top left-hand corner you would place a number that represents the expected level of performance. The important thing to notice here is that only eight stakeholders and nine expectations are allowed for, so already people are having to prioritize based on the most important demands of the most important stakeholders. Now we have people focused on the vital few rather than the trivial many. A major achievement already! The next step involves a great technique, and one that is sadly missing in too many companies today, and that is to ask why? why? why? why? “Why do the stakeholders have these demands and do we meet them?”, “How do we know?”, “Do we measure our performance?” “If we fail to meet our stakeholder’s expectations, what do we do about it?” Now we can get down to the nitty-gritty: “What objectives should be set to ensure that measurable improvements take place based on the stakeholders’ expectations?” “Furthermore what main tasks can we set (the manageable chunks) to make sure we achieve these main objectives?” and “What measurements will we need?” “Will they be based on quantity or quality; percentages or pounds; production, efficiency or effectiveness?” The group will decide, but what is important is that they measure. You will see from Figure 2 that only ten main

Watson Ltd. is a small size company creating and selling signage products to various companies of all shapes and sizes, including public institutions, small and medium size enterprises, as well as large size corporations. The organisation currently employs 16 staff members, as follows: a general manager, two assistant managers, three administration staffs, four design and sales staffs and six general operations staffs.

Stakeholders: Identify all the major stakeholders in the DABHOL power project. What are the intended benefits and costs of this project for the stake holders? Analyze the roles, responsibilities and reward structure of the stake holders. Based on the case study do you foresee a need to change the reward structure?

Our company was established in 1975, when our founding members sighted the potential growth in information technology. Since our inception, we have established numerous global partners and currently function with 500 employees. Operating from two locations in the US (New York; Los Angeles), we have successfully undertaken and completed 2500 IT projects since our establishment. With immense experience in project management, we undoubtedly have one of the best workforce to handle critical projects.