Stakeholder Analysis Of Hungry Jack's

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.

Stakeholder’s analysis is the way to identify the key factors whose influence will have a greater impact that helps to plan the support to get success. There are the benefits of stakeholder’s analysis such as; it helps to improve the

A stakeholder can be defined as a small group of people who can have an effect or be affected by projects, programs and organisations that may be within a community. There can be internal and external stakeholders. Some of these Stakeholders that exist have the power to impact an organisation or projects/programs in a particular way that is beneficial to those programs and originations within a community.

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).

First, project stakeholders provide valuable information into the processes that creates the outputs. The stakeholders could be internal or external to the organization and their interest level could vary depending on impact of the output.

Stakeholders include people who could influence decisions about the project or the organisation’s strategic direction.

Primary project stakeholders are those directly affected by the purpose and efforts of an organization. All the team members in our group are influenced and interested in the project and its outcome. Team members will help enhance the project plan and review the presentation/collaboration methods to gain an understanding and to earn a grade. The professor is also a primary stakeholder because he will assess the value of the information and has expectations for the results of the project. Also, the professor invested in the benefits and guidelines of the project. The project outcomes should change in consideration of the preferences of the stakeholders. For example, the selected collaboration methods that will be reviewed will change the information that is presented. The group will pick which methods/tools to evaluate, there are different options and their structures vary, how they choose to arrange the project will also

• Stakeholder Analysis- builds on each stakeholder’s information to determine their special interest in the project

Stakeholders are one of or the most essential cornerstones of projects. As a matter of fact stakeholders are the reason why projects are commissioned. Project success or failure is interrelated to stakeholders’ acuities of value created by a project and the nature of relationship established with the project team. Someone somewhere needs a service/product; hence a project is required to achieve that; required as long as stakeholders are involved and onboard. This area interests me because of how much impact stakeholders have on projects, it is also interesting because some projects are started without the knowledge of stakeholders because the sponsors make express decisions that its what they need. This can either go positive or not but none the less engaging stakeholders is crucial even if its just for support. The ongoing current debate, which has been on for years, is that do stakeholders really make or break projects.

    Project stakeholders are people or groups who have an interest or a stake in a project and its outcomes.

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)

Significant research efforts have been devoted to stakeholder management issues in mega construction projects highlighting difficulties of current practice and weaknesses of traditional stakeholder analysis methods. A structured review of stakeholder management research would therefore provide useful insights in improving current stakeholder analysis methods for application in complex project environment. Through an extensive literature review, four key research areas are identified, namely “stakeholder identification”, “stakeholder concerns”, “stakeholder influences” and

(Pearce & Robinson, 2005) submit a thorough stakeholder analysis will identify and prioritize key stakeholders, assessing their needs, gathering ideas from them, and incorporating this information into organizational strategies and outcomes. (Harrison & St. John, 2010) suggest organizations can utilize the stakeholder analysis to develop and modify their strategic direction, strategies and implementation plans. Organizations can also use information from stakeholders to predict stakeholder responses to their own strategic actions. It is through management of these stakeholders, which communication, managing relationships and engaging stakeholders to perform in ways, which are positive to the organization and other stakeholders yields the greatest results. (Bosse, Phillips & Harrison, 2009) propose a firm that manages for stakeholders allocates more resources to satisfying the needs and demands of its legitimate stakeholders than what is necessary to simply retain their willful participation in the productive activities of the firm. It is the belief of this author, managing stakeholders is a fluid and ever-changing process and one that should be monitored continuously to achieve the greatest benefit from the stakeholders.

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

Successful businesses are beginning to be actively engaged with their stakeholders. There are many reasons why a stakeholder to business relationship is important. If the relationship isn’t well, it may lead to many issues. If the relationship is going well, then it helps the business thrive and be innovative. Nowadays, there are many companies that have proven the benefits of keeping your stakeholders involved. In today’s time, it is very important for companies to be active with their stakeholders (How Deeply Engaging, 2011).