Are you looking for a tool for managing and handling your project stakeholders? We recommend you give Project Stakeholder management plan a go. It hopefully will help you enormously and make your work more manageable and easier for you.
Stakeholders are basically the sponsors of the project an have interest in the success of the project. The stakeholder can be working inside or outside the company supporting the project. Therefore, the stakeholders are of great importance and hold a share in the project management plan and their proper management is essential for the success of the project.
Project Stakeholder Management Plan
Project Stakeholder management plan is the strategic planning and management of the stakeholders. In this best possible stringiest are developed for dealing the project related stakeholders. All the needs and demands of the stakeholders are also taken into consideration during stakeholder management and planning.
In this article, we will discuss the Project Stakeholder management plan and its importance.
What are the major components of the stakeholder management plan?
Why There Is need For A Stakeholder Management Plan?
As we have already discussed above that the stakeholder is important as they are the ones who invest in the project. Therefore, you must make sure that you have managed to build a positive relationship with your project shareholders and stakeholders.
In some cases, at different levels of the project, some stakeholders are more imperative than others. To maintain a balance, you should handle our stakeholders efficiently. This can easily be done by using tools like the stakeholder management plan template.
However, keep in mind that it is important that the stakeholders are aware of all the important events and changes.
As it is essential for them to know what is going on in the project and what changes are made. This will create a positive impact and a sense of reliability and trust between you and your project. A handy way of doing all this is to keep a proper tool on hand.
Stages of Project Stakeholder Management Planning
According to the Project Management Body of Knowledge (PMBOK® Guide), a stakeholder is a person who has interests in the success of the project or will be affected by the project deliverables and outputs. To ensure the successful completion of your project you must know the expectations of all the stakeholders connected to your project.
There are mainly five stages for effective Project Stakeholder management and planning.
- Identification of stakeholder relationships to your project
- As soon as the stakeholders identified we must then determine their impact on the project
- Planning of stakeholder management process
- Manage and plane stakeholder engagement in your project
- Controlling of stakeholder engagement
Creating a Project Stakeholder Management Plan
It is important for you to have your stakeholders up to date and satisfies for the betterment of your project. The Project Stakeholder management planning goes on throughout the project until its completion. It is the best way to push your project higher up the ladder towards success.
Now let us discuss some of the steps of making a Project Stakeholder management plan template.
Isolate the Stakeholders
First, you must make a list of all the stakeholders related to your project. This will help you know which people are investing in your project.
Establish an Assessment
Next arrange the stakeholders according to their importance, influence, and effect on your project. This will allow you to understand at which stage which stakeholder is more important, and which is less important than another.
Classify the Stakeholder
Have a planned talk with the stakeholders to help you understand the needs and expectations. It is better to have them interview individually and document the important points to help you in the future.
Develop a Stakeholder Analysis Plan
Make a log for the expectations of the stakeholders Individually. This is helpful for you for future use to understand and identify the expectancy of any stakeholder at a stage. (Download Stakeholder Analysis Template)
Conclusion on Stakeholder Management Planning Template
By concluding our discussion, we can say that Project Stakeholder management planning is a vital part and necessary aspect for the success of your project. Some stakeholders have a positive and some have a negative impact on your project. But it is essential to have a log for all the project holders and have a proper tool like the Project Stakeholder management planning template on hand.