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Stakeholder Management In Project Management

2293 Words10 Pages

1. Problem Statement
1.1 Introduction and background to the study
Stakeholder management is a broad and a universal management concept, however for the purpose of the proposed study the focus will be its location within the project management aspect of the management function. There is a general consensus among numerous researchers that there is a general lack of knowledge for project managers on how to manage stakeholders, particular external stakeholders (Olander, 2003: 19). There has been a concerted effort by the same scholars to research stakeholder management methods for niche project management areas, so far there seem to be none for volatile urban development projects of the type South Africa has.
The management of project stakeholders …show more content…

Proper and adequate stakeholder management is a critical imperative for project management practice and by implication this is also vital for success in urban development projects. Urban development projects are the fundamental avenue for urban infrastructure development, among others, and this is key for economic growth in general and particularly for South Africa’s ambition to be elevated to the league of rapid economic growth countries like the BRIC nations (Brazil, Russia, India, and China). Therefore, it is imperative for project management practitioners not to fail these vital urban development projects through improper or inadequate stakeholder management …show more content…

2.2.4 Easier Project Closure
It eases benefits realization and the transition phase at the end of a project when deliverables are handed over to their owners. It is far easier to hand over deliverables to a stakeholder that knows a bit about the project than stakeholder that is hearing about the project for the first time. The more you work with stakeholders during the project, the more prepared their teams will be able to receive the deliverables.
They are also less likely to reject deliverables for not meeting their standards, as they will have been involved in the production, testing and checking of deliverables up to this point.
2.3 Measures to be taken to address the problem of stake holder management effectively.
To address and manage stakeholder management effectively and efficiently measures need to be outlined and implemented, to minimise the risks and challenges associated with stakeholders in a very significant manner. The following measures may be used to address stakeholder management problems namely:
 Accessibility to the decision making process
 Clear understanding of stakeholder interests and concerns
 Diversity of views

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