Project Management
Stakeholder Management
The lack of an appropriate stakeholder management accounts by far for one of the most important reasons that large projects do fail. Especially in large engineering projects the high number of different stakeholders increases the degree of complexity.
Our Stakeholder Management prepares a strategy utilising information (or intelligence) gathered during the following common processes:
Stakeholder Identification - Interested parties either internal or external to organisation/project. A stakeholder map is helpful for identifying the stakeholder.
Stakeholder Analysis - Recognise and acknowledge stakeholder's needs, concerns, wants, authority, common relationships, interfaces and align this information within the Stakeholder Matrix.
Stakeholder Matrix - Positioning stakeholders according to the level of influence, impact or enhancement they may provide to the business or its projects.
Stakeholder engagement - It is primarily focused at getting to know and understand each other, at the Executive level.
Communicating Information - Expectations are established and agreed for the manner in which communications are managed between stakeholders - who receives communications, when, how and to what level of detail.
One of the key elements of project stakeholder management is the use of influence (“the ability to affect the actions, beliefs and attitudes of other people”) to ensure that people give their support to projects. This is best achieved through the power of authentic leadership.