- Blog
- 25 Mar 2019
The art of managing project stakeholders: Part 2
In my previous post on this topic I talked about how being able to understand organizational structures can help us manage project stakeholders more effectively and get one step closer to successful project delivery.
To continue: let’s find out why proper stakeholder identification is a critical success factor for a construction project.
Anybody who is affected positively or negatively, by doing a project or by delaying a project is a stakeholder. Identifying the key stakeholders upfront helps to capture and manage their expectations proactively. For any given project the direct stakeholders are;
- Sponsor (customer) of the project
- Project manager
- Delivery head
- Team
- End users of the product of the project
- Business analysts
- Product owner
The indirect stakeholders list can be very vast, and at the same time identifying and managing the indirect stakeholders is key to the project’s success. It is very difficult to come out with a universal list of indirect stakeholders. Here is a sample;
- Families of team members (If they are unhappy, most probably the team member may resign her job soon)
- Competitors (They can recruit some of your key team members)
- End users of competitors products (Customer complaints, especially against your competitor’s products is very useful)
- Intellectual property bodies (do not violate them knowingly or unknowingly)
- Government agencies (must manage well)
- Trade unions (be careful, if your product is going to disrupt an existing market. Online taxi operators like Uber, Ola Vs traditional taxi operators, Amazon Vs traditional shops)
- Product review groups (social media) (Most of them are paid reviewers. Do not forget to budget for them)
- Any other groups (Even the name of your project / product should not harm anyone’s culture, religion etc.…)
- Any citizen (farmers, drivers, pedestrians, vehicle owners…anyone) who is affected negatively during or after the project.
It is worth spending time to identify the key stakeholders and their impact on your project / product individually and collectively, at the beginning of the project and throughout the project.
Once the stakeholder list is prepared, the next logical step is to group them into;
- High power, high interest group
- High power, low interest group
- Low power, high interest group
- Low power, low interest group
and develop strategies to maintain a high degree of stakeholder interest in your project / product (stakeholder engagement). If all the key stakeholders are happy during and after the project, your project is a success story.
Reference stakeholder mapping
I will explore more about this fascinating topic – stay with us.
See you soon!
Expert in agile, predictive and hybrid project management. Researches on the application of Artificial Intelligence for better project outcomes. Works as a domain expert at Wrench Academy, the knowledge management division of Wrench Solutions, the makers of Smart Project Digital PMO.
Related Posts
Importance of Collaboration and Communication in Project Management in EPC Projects
As the EPC industry moves steadily towards digitisation and we’re seeing the emergence of an ever-increasing array of digital project management systems and Project Management Information systems (PMIS) in project management, it’s interesting to look…
- 21 Nov 2024
EPCM Systems in the Age of Digital Transformation
It’s become commonplace to hear statements about “The Benefits of Digital EPC software’ and ‘The Future of the Construction Industry’ and ‘Digital transformation in EPC sectors’, with some pundits dubbing the current era EPC 2.0…
- 14 Nov 2024
Archives
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- September 2022
- June 2022
- May 2022
- April 2022
- March 2022
- January 2022
- November 2021
- October 2021
- July 2021
- June 2021
- May 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- September 2020
- August 2020
- June 2020
- April 2020
- March 2020
- February 2020
- January 2020
- November 2019
- October 2019
- September 2019
- August 2019
- April 2019
- March 2019
- December 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- January 2018
- November 2017
- October 2017
- September 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017