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Running head: PROJECT MANAGEMENT 1
PROJECT MANAGEMENT 4
Project Management
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Stakeholders are the persons or organizations that are vested with the mandate of ensuring the progression and success of a company. It is always important to consider all the stakeholders of a project before getting to the implementation stage. This ensures that all the necessary people are playing their role in the success of the project. Stakeholders are said to have an essential interest in the operations of the enterprise. They are necessary when it comes to the development of ideas and to relay their thoughts on the necessary ventures that the business can get involved in. One main advantage of bringing stakeholders into play is that they originate from different backgrounds; hence, they will deliver varying standpoints (Nicholas & Steyn., 2017). This ensures that the firm has access to a pool of thoughts that can be relied upon in case of any difficult situation or implementation of a new project. Stakeholders can be divided into either internal or external stakeholders.
To ensure the engagement of the stakeholders, it is necessary to take some necessary measures, such as:
i. First, aim at building a great relationship with the inner clients rather than aiming at financial savings. When the relationship is strong, and you have won the trust of the clients, now one can bring in the issue of savings.
ii. Ensure that you are a policy enforcer. It is important that as you get into discussions, always aim at stating the modern-day challenges and how these challenges can be overcome by the policy that you are putting in place.
iii. Always aim at bringing in ideas that are adding cost to the discussion, consequently helping the business. Ensure that what you say to the stakeholders is always valuable and educating about the market that you are about to explore.
iv. You must understand the personalities of your stakeholders and how they adapt to different situations. This will ensure that you are in line with their way of thinking and deliver ideas that are matching their personalities.
v. Put yourself in the shoes of the stakeholders. When you do this, one will be able to develop suggestions that are aimed at the greater good of the firm and those that are within reach of the stakeholders.
vi. The other measure that can be taken in ensuring successful procurement is the alignment of the goals along with the department of stakeholders. This is because the department is always aimed at supplying their vital metrics while at the same time saving on costs.
The above measures can be applied in the enhancement of a comprehensive policy aimed at managing the pedestrian site in a famous town within the metropolitan district. Stakeholders offer not only mentoring advice but also provide additional information for the organization to pick up the better direction in the decisions they make. This will aid in the reduction of mistakes and aim at the success of the company (Rajablu et al., 2015). Involving stakeholders ensures that the business owners have the chance to reduce their boundaries, which leads to the development of a higher answer to be applied in the project.
References
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business, and technology. Routledge.
Rajablu, M., Marthandan, G., & Yusoff, W. F. W. (2015). Managing for stakeholders: The role of stakeholder-based management in project success. Asian Social Science, 11(3), 111.
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