WEEK 7 - STAKEHOLDERS MANAGEMENT Flashcards
Discuss the role of the project manager as a stakeholder.
Project Manager play the lead role in planning, executing, monitoring, controlling and closing projects. They are accountable for the entire project scope, project team, resources, and the success or failure of the project.
List and discuss the key stakeholders in a project.
- Project manager
- Team members
- Investors
- Sponsors
- Customers
- Suppliers
- Government
- General public
project stakeholders are needed as they brig ideas, funding, activities, challenges and outcomes to the overall project.
Define the acronym ‘PLOC’
PLOC refers to the four managing functions that are plan, lead, organise, and control.
outline the acronym ‘PLOC’ that relates to the four distinct managing functions when dealing with project event stakeholders.
stakeholders roles need to be carefully planned and controlled in order for the stakeholders to clearly understand their roles and responsibilities, and what they are accountable for.
These areas also help with making sure no stakeholder oversteps their role and creates potential problems for the event. Each stakeholders requires different management strategies and a different balance of these four areas.
What do the acronyms ‘RACI’ and ‘PARIS’ refer to? Discuss.
- RACI refers to Responsible, Approve, Consult, Inform. The process: – Identify all processes – Identify all roles – Assign RACI for each in matrix – Resolve overlaps and gaps
- PARIS refers to Participate, Approve, Responsible, Inform, Sign off.
Create a model that describes the key elements associated with project stakeholders.
Project stakeholders can have high or low influence or impact. each one can be place in a graph representing their positing in regards to this. e.g. the project manager has high influence and high impact, whereas one customer has low impact and at most a medium influence
