Project : You are going to build your own home, and subcontract out that build.
ID: 396348 • Letter: P
Question
Project : You are going to build your own home, and subcontract out that build.
you will want to review the choices for the project and start to formulate a plan for what will be required. Then, based on the materials covered this week, identify the stakeholders you believe will be part of your project, and identify how you may have to handle them. That is, what type of interactions do you envision taking place to keep each of these stakeholders on track to meet your project’s goals. Also, as you identify each goal, make sure you note where in the project lifecycle they will be encountered. Do expectations and requirements of the stakeholders change as the project moves forward?
Now, it is time to start practical application of project management techniques. In
many courses, you may have been given a case study to dissect, and address section by section.
However, assigning a specific case study focused on a specific business will inevitably confine
students in trying to “think outside the box”. Creativity
disappears. Project management demands process and practice. So let’s begin the learning process
here. You are to select a project that you would like to develop. The project, however; does have
some parameters.
2. Identify the stakeholders you believe will be part of your project.
3. Identify how you may have to manage the stakeholders.
Explanation / Answer
1. Stakeholders are the entities who can affect a decision, activity, and course of action or the result of a project. Basically the key stakeholders in project management are:
In the given project of building home and subcontracting it, the various stakeholders involved are:
2. The common mistakes that a project manager does, while dealing with stakeholders, which often leads to lack of stakeholder engagement, are:
The most important practices and skills needed to successfully work with stakeholders are team management, time management and effective communication skills. Team management helps in keeping all the stakeholders aligned with the vision of the project. Time management will help in keeping the project, adherent to timelines, thereby satisfying the interests of the stakeholders. Stakeholders like to be listened to. Therefore, effective communication skill is very vital in stakeholder management.
Project Management phases and stakeholder involvement:
This will be the most efficient way of handling the stakeholders in the project.
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