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Why is it important that developers meet with stakeholders, and what are the potential consequences if developers do not meet with stakeholders?
It is important for developers to meet with stakeholders to ensure that the project meets the needs and expectations of those involved. Failure to meet with stakeholders can result in misunderstandings, delays, cost overruns, and ultimately, a product that does not meet the intended requirements or goals.
Who are the main stakeholders in the project?
The main stakeholders in a project are different in every company and in every project. However, there is something common defining main stakeholders: "Main stakeholders are those stakeholders that can cause the project to fail if support if their support is withdrawn." 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 Among these, the sponsor, the project manager, the project team and the customer would be the main stakeholders of the project.
How do the required managerial skill differ in the organisational hierarchy?
Managerial skills differ at various levels of the organizational hierarchy primarily in their focus and application. Top-level managers, like CEOs, require strategic thinking and visionary leadership to set long-term goals, while middle managers need strong interpersonal and communication skills to translate those strategies into actionable plans for their teams. Frontline managers focus more on operational and technical skills to oversee day-to-day activities and ensure that their teams meet performance standards. Thus, as one moves up the hierarchy, the emphasis shifts from technical capabilities to strategic and leadership skills.
How do you define and enforce managers duty?
Only the one who is hiring the manager can enforce that the manager is performing their duties. The duty of a manager is dictated by the industry and the person who hires the manager. Additionally a manager can not perform their duties if they are not given the authority along with the responsibility. Often I have seen managers who are not able to fire those who work under them however they are responsible for those same workers actions or in-actions. So in those cases the managers find themselves with the responsibility but with no authority.
How is the job market for information technology project managers?
Information technology project managers with recent, extensive experience in managing infrastructure projects are in demand. So are those with recent, extensive experience managing projects using Agile software development methodologies. These is somewhat less demand for product implementation project managers, e.g. SAP, Oracle and so on. IT project managers with significant functional area expertise in specific business areas, e.g. finance, accounting, insurance, HR, payroll, health care information, and so on are always in demand for implementation projects in those areas.
How did the interest of liberals differ from those of socialist workers?
It doesn't.
Define primary and secondary stakeholders?
Stakeholders that are both important and influential, are primary stakeholders and must by fully engaged in the governance and steering of the project, if it is to succeed. While stakeholders that are either important or influential, are secondary stakeholders and need to be actively managed during the project.
What are the roles of stakeholders?
The role of stakeholders is really determined by the company itself. A stakeholder has some interest, usually financial in the company. Some companies use this to their advantage thinking that those with money at risk are most likely to have the best interest of the company at heart. You see this in small business and some large business every day as the owner and others invested in the business make strategic decisions. Other companies decided that management knows best and managers appointed by the board of directors make the decisions on behalf of the stakeholders as in most large companies.
Stakeholders of Microsoft?
Stakeholders of Microsoft are those that have an interest in the company. They can be stockholders, vendors, customers, retailers, or wholesalers.
Can it ever be right for the interest of other stakeholders to be put before those of shareholders?
no one can answer this question un less they know economics or buusiness. its a stupid question...:(
How does PepsiCo balance those stakeholders such as consumers and shareholders that are interested in good tasting products and financial performance with special-interest groups and regulators that?
I will not going to answer this. this is your study. lazy noob
What is difference between stakeholder and stockholder?
stockholders are those who have interest in the company in terms of stock other than capital,money etc. whereas stakeholders have directly or indirectly link with the company
What are secondary stakeholders?
Secondary stakeholders also are important because they often can be primary stakeholders, too. For instance, people who live in the vicinity of a company care about the company's effects on the local environment and economy. However, those same people may be employed by the company or own stock in it, so they have a direct financial interest in it. Conversely, they can impact the company financially by pulling out their investments in it.
Stakeholders for divorce?
The stakeholders within a divorce are those of the children or third party relations influenced by the marriage. Therefore the stakeholders within a marriage are any whom are affected by the union of marriage.
What are market stakeholders?
Market stakeholders are those that engage in economic transactions with the business. (For example stockholders, customers, suppliers, creditors, and employees)
Who are the stakeholders of Nike in detail?
we as the consumer are steak holders of NIke ROCK ON!!
How would such a linkage tend to reduce the agency problem between managers and shareholders as a whole?
Linking managerial compensation to shareholder performance aligns the interests of managers with those of shareholders, as managers are incentivized to maximize the company's value. This reduces the agency problem by promoting accountability, as managers are rewarded for making decisions that benefit shareholders. Additionally, performance-based incentives can motivate managers to focus on long-term growth and profitability, further aligning their goals with those of the shareholders. Overall, this linkage fosters a cooperative relationship that mitigates conflicts of interest.
