Stakeholder refers to a certain group of some individuals who contribute to the success of the goals to be achieved by the organization. For the goals to be attained successfully in a project, Stakeholders should be deployed (Roeder, 2013). Stakeholders ensure that all objectives are met. When managing the project to add lanes to the highways, Stakeholders are the motorists. People who live close to the highways are the ones to be impacted negatively more so by the noise as a result of construction. In a certain firm, the manager has been given the responsibility to allocate resources and also to take part in decision making concerning the project(Roeder, 2013). The project, in this case, is termed as a stakeholder. In this case, the suppliers, the government, the customers and the contractors are the stakeholders
Top management is made up chief executive officer, president of the director and the manager of the organization. The responsibilities of top management is to enhance development and direct the strategies of the company
The project teams
The project team is made up who carry out the operations required for the project. For the project objectives to be attained successfully, the project manager should practice good leadership qualities. He or she should also ensure that the employees are involved in decision making(Roeder, 2013). He or she should also try and talk to each employee one at a time concerning what should be done to enhance success. Incentives should also be issued to the team members to feel motivated and perfect their workability.
For development and business operations to be conducted effectively, customers should be available. (Lester, 2016) Customers are the stakeholders of an organization they should, therefore, be taken care of by supplying them with products as per their demands.
Lester. A. (2016). Project Management, Planning and Control. Elsevier Science.
Roeder. T. (2013). Managing project stakeholders: Building a foundation to achieve project goals. Hoboken, N.J: Wiley.
Comment 2 : Bala Harika Kanumuri
Policymaking process involves a large group of people to make policies that are accepted by a large group of people. Some of the groups that are being included in policy making are the stakeholder (Helbig, Dawes, Dzhusupova, Klievink, & Mkude, 2015). Stakeholders are essential in the policymaking process in the following ways; stakeholders help the policymakers in setting agenda, analyzing all the things to be included in the policymaking process, in policy-making, implementation of the policies and in evaluation and review of all the essential factors to be included in a policy.
There are necessary steps and measures which should be followed for implementing the process:
Stakeholders can be anyone from the top management, the project manager, peers, resource management, internal customers, and external customers. Stakeholders add power as they shape the perception and opinion; they reinforce the supportive knowledge as well as the opinion, and also they shift the critical perception and ideas.
Helbig, N., Dawes, S., Dzhusupova, Z., Klievink, B., & Mkude, C. G. (2015). Stakeholder engagement in policy development: observations and lessons from international experience. In Policy practice and digital science (pp. 177-204). Springer, Cham.
Comment 3 : Bindu priyanka chunduru
Measures taken to engage stakeholders in a project
Stakeholder engagement and stakeholder management are seemingly the most significant elements for effective venture conveyance but are frequently viewed as a periphery action or one that can be re-appropriated to the same old thing capacities. Task chiefs rely upon individuals to react to the yields and advantages that they convey. Individuals will possibly react on the off chance that they are locked in. The expression “stakeholder management” suggests that these individuals can be made to react decidedly to a venture, however actually an undertaking administrator every now and again has no proper intensity of power and in this way needs to depend on a commitment to accomplishing his/her targets.
Before planning to connect with and impact partners, it’s critical to try to comprehend the individuals you will work with and depending on all through the periods of the venture lifecycle. Imparting data to partners is significant, yet it is similarly critical to initially assemble data about your partners.
A venture, especially in the beginning times might be vague to its partners for instance, as far as the reason, extension, dangers, and approach. Early, at that point standard discussion is fundamental to guarantee that prerequisites are concurred, and a conveyance arrangement is arranged that is adequate for most partners.
Acknowledge that people don’t generally act in a discerning, sensible, reliable or unsurprising way and work with a consciousness of human sentiments and potential individual motivation. By understanding the underlying driver of partner conduct, you can survey if there is a superior method to cooperate to keep up a profitable relationship
An increasingly principled and estimated way to deal with partner commitment is basic and hence energized. Interest in cautious arranging before connecting with partners can bring critical advantages.
Creating connections brings about expanded trust. What’s more, where there is trust, individuals cooperate more effectively and successfully. Putting exertion in distinguishing and building partner connections can expand certainty over the task condition, limit vulnerability, and speed-critical thinking and basic leadership.
The underlying advance is to set up the most satisfactory gauge over a lot of partners’ veering desires and needs. Survey the general significance of all partners to set up a weighted chain of command against the venture prerequisites and concurred by the undertaking Sponsor.
Partner commitment isn’t the activity of one individual from the venture group. It’s the duty of everybody to comprehend their job and to pursue the correct way to deal with correspondence and commitment. Great task administration requires giving lucidity about partner commitment jobs and obligations and what is anticipated from individuals associated with the undertaking.
Allan Thomson (2019). The importance of stakeholder engagement. AXELOS PPM Product Ambassador.
The importance of stakeholder engagement. (n.d.). Retrieved from http://www.crowe.ie/importance-stakeholder-engagement
Sophie Taysom (2019). 7 Benefits of Stakeholder Engagement. key consulting.
Key principles. (n.d.). Retrieved from https://www.apm.org.uk/resources/find-a-resource/stakeholder-engagement/key-principles/
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