answersLogoWhite

0

Who are the Project Stakeholders?

Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Accordingly, the stakeholders fall into two categories-positive stakeholders, who will normally benefit from the success of the project, and negative stakeholders, who see some form of disadvantage coming from the project. The implications obviously are that the positive stakeholders would like to see the project succeed and the negative stakeholder's would be happy if the project was delayed or even better cancelled.

Identifying all the project stakeholders might be a difficult task, but the following are the obvious stakeholders in any project:

Project Sponsor

Project Manager

PMO

Project Team

Program Manager (If Applicable)

Portfolio Manager (If Applicable)

Portfolio Review Board

Functional Manager

Operational Management

Sellers

Business Partners

Customers

Project Management Knowledge Areas

Managing projects requires applying knowledge, skills, and tools and techniques to project activities in order to meet the project objectives. You do this by performing some processes at various stages of the project, as discussed in the previous chapter. That means processes are part of the knowledge required to manage projects. Each aspect of a project is managed by using the corresponding knowledge area. For example, each project has a scope that needs to be managed, and the knowledge required to manage scope is in the knowledge area called project scope management. To perform the project work within the project scope, you need human resources, which need to be managed; the knowledge used to manage human resources is called human resource management.

I guess, by now you have a fair idea of where we are getting to.

Each process belongs to one of the nine knowledge areas:

1. Scope Management

2. Time Management

3. Cost Management

4. Human Resource Management

5. Procurement Management

6. Risk Management

7. Quality Management

8. Integration Management &

9. Communication Management

Each knowledge area has its own place in the project lifecycle and they are all equally important from a project managers point of view. In practical experience you might fine one or more areas to have a greater impact on the outcome of the project, but nonetheless they are all important and play a vital role in the success or failure of a project.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is project management Briefly describe the project management framework, providing examples of stakeholders, knowledge areas, tools and techniques, and project success factors?

I will give you a way to make you earn money within one day. Enter the link in my profile


Describe your experience in ITIL framework of Service Management?

Service Management is what enables a service provider to:• understand the services that they are providing from both a consumer and provider perspective;• ensure that the services really do facilitate the outcomes that their customers want to achieve;• understand the value of those services to their customers and hence their relative importance;• Understand and manage all of the costs and risks associated with providing those services.The definition of Service Management is:Service Management is a set of specialised organisational capabilities for providing value to customers in the form of services.


Describe how you have used one education framework or curriculum?

Describe how you have used one education framework or curriculum?


Describe a management process?

describe the management process


Does a Shareholder view of ethics suggest that you retain mission critical people at the expense of less critical employees?

By the end of this section, you will be able to: Identify the factors that affect stakeholder prioritization Explain why priorities will vary based upon the interest and power of the stakeholder Describe how to prioritize stakeholder claims, particularly when they conflict If we carry the idea of stakeholder to the extreme, every person is a stakeholder of every company. The first step in stakeholder management, the process of accurately assessing stakeholder claims so an organization can manage them effectively, is therefore to define and prioritize stakeholders significant to the firm. Then, it must consider their claims. Given that there are numerous types of stakeholders, how do managers balance these claims? Ethically, no group should be treated better than another, and managers should respond to as many stakeholders as possible. However, time and resource limitations require organizations to prioritize claims as stakeholder needs rise and fall.


What is the aims of plant taxonomy?

Plant taxonomy aims to classify, describe, and name plant species to establish their relationships and biological diversity. It helps in understanding plant evolution, distribution, and characteristics, providing a framework for studying and conserving plant diversity. Additionally, plant taxonomy plays a crucial role in agriculture, horticulture, and environmental management.


Describe the key elements of toal quality management?

what would best describe a quality management strategy?


What is The analytical framework used to describe the civil considerations is called?

ASCOPE


What is the analytical framework used to describe civil considerations called?

ASCOPE


What are examples to describe appropriate techniques you can use to verify and refine stakeholder information?

To verify and refine stakeholder information, you can conduct stakeholder interviews or surveys to gather direct insights and confirm details. Additionally, utilizing focus groups can help clarify expectations and gather diverse perspectives. Cross-referencing information with existing project documentation or databases ensures accuracy, while regular updates and feedback loops maintain relevance and alignment with stakeholder needs.


How do you describe me your preferred management style?

You can describe your preferred management style by demonstrating business practices utilizing the management style. Many managers practice authoritative leadership.


Describe processes involved in human resource management?

management proceses

Trending Questions
Who is the manager of uba? A decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives? Which is the first step in the learning process? What is always true about a jit system? Where can one purchase Access Control Systems and Secruity Management solutions? How can one effectively take meeting minutes? What is gap in human resouce management? What is the meaning of setting direction? Why is it important to choose organizational strategy before you begin an outline? In step three of of the five step composite risk management process you will develop one or more controls that either eliminate the hazard or reduce the risk of hazardous incident occurring what type? What is A guiding spirit or source of inspiration? How can one obtain a certificate in project management? For an airlines company identify three operational applications that would feed into the data warehouse. What would be the data load and refresh cycles? What causes a project to fail? What is the Difference between dband dbm? What are the benefits of using a digital asset management system? In career essentials why would employer encourage an employee to complete a customer service training class? What strategies can be implemented to prevent project creep from negatively impacting the successful completion of a project? What is the link between human resource management and integrated development planning? What are the key performance goals that project managers should strive to achieve in order to ensure successful project outcomes?