identify the stakeholders you believe will be part of your project, and identify
ID: 413565 • Letter: I
Question
identify the stakeholders you believe will be part of your project, and identify how you may have to handle them.
, you are going to begin a project that builds upon itself. Developing successive sections of a Project Management Plan based on examples supplied for you. start to formulate a plan for what will be required. 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?
You are going to build your own home, and subcontract out that build.
you have a budget of $300,000, and a time frame of 9 months to either complete the house, or open the business. In each unit, you will now be supplied a template with required information (as well as example inputs) for your project.
Identify the stakeholders you believe will be part of your project.
Identify how you may have to manage the stakeholders
4. What type of interactions do you envision taking place to keep each of these stakeholders on track to meet your project’s goals.
Note where in the lifecycle these goals will be encountered.
Discuss if expectations and requirements of the stakeholders change as the project moves forward.
Explanation / Answer
INTRODUCTION:
As per the question the project I am involved in is building up my own house or sub- contract it. It is very essential to manage the project and make sure that everything is going on track and that the goals are set well in advanced and steps are taken to achieve those goals. In this project it is essential to identify the stakeholders in the very beginning and make sure that the stakeholders are managed well.
IDENTIFYING THE STAKEHOLDERS:
Stakeholders are the individuals who have a special interest in the project, be it in an form. They invest money, time in the project and in return expect a reward for the work done. But before starting any project it is very important to identify the stakeholders who will hold any kind of interest with your project. The main stakeholders so identified for the project given in the question are:
MANAGING STAKEHOLDERS:
In order to make sure that the project works successfully it is very important to see that the stakeholders involved with the project are managed well. In a project only one stakeholder is mot involved, there are number of stakeholders who work with the project and it is important to make sure that every stakeholder is satisfied and managed well. Managing the stakeholders means building strong relations with each one of them so that they work effectively for the completion of the project.
Important points to keep in mind in order to manage the stakeholders well is listed below:
INTERACTION WITH THE STAKEHOLDERS:
After identifying the stakeholders it becomes important to manage them effectively. The work is not complete with their proper management, however it will be considered as incomplete when proper and strong communication channel will not be build with the stakeholders.
Communication is the only mode through which relations can be deepened with the stakeholders and their confidence can be gained. There are number of points that can be kept in mind while communicating with the stakeholders:
IDENTIFYING GOALS AND IN WHICH STAGE WILL THEY BE ENCOUNTERED:
The goals for the project cannot be decided altogether but it is done step by step in each phase of the PLC. It is important to understand all the phases of a project life cycle (PLC) one by one and identifying goals for each phase individually.
Phase1: Initiation Phase:
It is the beginning phase where the idea of starting up a project crops in. the project is made and approved in this step. Some of the goals that can be set for this phase are:
Phase 2: Planning Phase:
The plans are framed out for the entire project and goals are set for every person involved in the project. The project is seen in the near future and planning is done to bring success to the project. Some of the goals that can be set for this phase are:
Phase 3: Implementation Phase:
It is the execution phase where the work on the project will actually be executed. The physical work will be started and whatever was planned will be followed so as to achieve what was desired. Some of the goals that can be set for this phase are:
Phase 4: Closing phase:
It is the last stage of the project and it involves closing of the project and paying off all the stakeholders their share of profits from the project. This phase helps in finding out what were the flaws and a record of it can be kept for future reference. Some of the goals that can be set for this phase are:
IF EXPECTATIONS AND REQUIREMENTS OF THE STAKEHOLDERS CHANGE AS THE PROJECT MOVES FORWARD:
Yes! It is obvious that as the project will move ahead in its lifecycle the expectations of the stakeholders will keep on changing. The expectations will be added up from time to time and the list of some of the expectations is as under:
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.