Elements Of Stakeholder Management Approach

894 Words4 Pages
Introduction

“Stakeholder management is critical to the success of every project in every organization I have ever worked with. By engaging the right people in the right way in your project, you can make a big difference to its success... and to your career."-Rachel Thompson

A stakeholder can be a person or a group, or an organization that may be affected, or have any kind interest in the project or in project’s outcome either directly or indirectly.
Stakeholder management helps in differentiating the project with the others, it ensure that your project is successful and progressive throughout. In stakeholder management the opinion of the most powerful stakeholder is vital for taking any decision.
Stakeholder management approach helps in
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By anticipating the reaction of the various stakeholder at every stage and building plan according to it win’s the support of stakeholders.
(Cited from Rachel Thompson. Winning support for your projects.)

The three key elements for stakeholder management are the following:

Leadership: The best organization work with clear set of priorities and shared vision targeted to achieve goal, and articulate this directly by top management or via their sub ordinates.
Staff: A good stakeholder is build up over by many days of interaction and staffing, the strength of staff determines the strength of project, staff at all level need to be credible, consistent and share their organization objectives.
Communication: Organization need to communicate their objectives in well-defined internally and externally, two way conversation and taking feedback from each stakeholder is essential to understand them.

(Cited from Ipsos Mori (2009,November 3).Understanding your
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Effective communication with each and every stakeholder at an early stage and later frequent interaction is necessary for the success of the project. By anticipating the reaction of the various stakeholder at every stage and building plan according to it win’s the support of stakeholders.
(Cited from Rachel Thompson. Winning support for your projects.)

The three key elements for stakeholder management are the following:

Leadership: The best organization work with clear set of priorities and shared vision targeted to achieve goal, and articulate this directly by top management or via their sub ordinates.
Staff: A good stakeholder is build up over by many days of interaction and staffing, the strength of staff determines the strength of project, staff at all level need to be credible, consistent and share their organization objectives.
Communication: Organization need to communicate their objectives in well-defined internally and externally, two way conversation and taking feedback from each stakeholder is essential to understand them.

(Cited from Ipsos Mori (2009,November 3).Understanding your
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