During the project management process, project managers must develop various communication plans and stakeholder management strategies to smoothen the process. Communication is essential from the initiation phase to the closure of the project. During project initiation, project managers relay information from feasibility studies to stakeholders. Stakeholders must also know the details of project plans for the entire project management process. During execution, project teams work closely together to deliver as per stakeholder requirements. This requires excellent organization and communication skills. They also incorporate several project management techniques that ensure the timely delivery of project deliverables. Project managers thus manage stakeholders in terms of delivering as per expectations.
PBGM48 project management process and stakeholders management strategies
STAKEHOLDER MANAGEMENT STRATEGY IN PROJECT MANAGEMENT
Project managers develop stakeholder management strategies to help in communicating with different stakeholders. Firstly, they categorize stakeholders in order of power and interest. This way, they come up with four categories i.e., high-power and high-interest, high-power and low-interest, low-power and high-interest, and low-power and low-interest shareholders. In the whole project management process, project managers give utmost care to the first category and satisfy the second category. They keep the third category informed and monitor low-power and low-interest groups. Stakeholder management strategies aid in gaining stakeholders’ support to use various project management techniques to achieve all project deliverables. Large projects must have a detailed, well-documented strategy.
stakeholder management strategy in project management
PBGM48 PROJECT MANAGEMENT PROCESS, ESSENTIAL PROJECT MANAGEMENT TECHNIQUES, AND TOOLS
Common project management techniques and tools include project plans, Work Breakdown Structures (WBS), schedule and financial plans, and Work Authorization Processes. Project plans must define the requirements for labor, material, tooling, equipment, facilities, and funding. Stakeholder management strategies help to convince stakeholders of the viability of the project plans to gain funding and approval to continue executing the plans. Additionally, with a WBS, project managers allocate resources effectively for each task and subtask. Schedule plans work in collaboration with WBS to achieve efficiency in project execution. Lastly, common scheduling techniques used in the project management process include Gantt Charts, PERT, and Line of Balance.
essential project management techniques and tools
Additional attachments
>> Download
