02 Feb Stakeholder Identification and Stakeholder Analysis
Instructions
Consider a situation where you had to ask for resources from a department within your place of work. Think about what happened. Did you acquire the resources you needed? Did you receive everything you needed? How did you approach it? (Note: If you have yet to experience this, consider how you might approach this within your workplace.)
Your journal entry must be at least 200 words in length. No references or citations are necessary.
UNIT 1 PROJECT
Stakeholder Identification and Stakeholder Analysis
Project: Warehouse Shopping Center
A shopping center or a mall is such a massive project that requires careful planning and execution. Shopping centers are designed to serve the needs of various clients. They do have such facilities as shops, packing, recreation areas, restaurants, movie shops among other facilities. The main stakeholders of such a massive project are; the developer, the investors, occupants, customers, statutory organizations, event sponsors, outside advertisers among many others.
i. Resource Management Plan
Some of the things to consider are the resources needed for the success of the project, the budgetary allocations for every stage of the project, as well as project adjustments. Each resource must be allocated the right amount of time and matched to the right tasks. Most importantly, resources should be scheduled based on the projected availability.
ii. Communications Management Plan
Project communication planning ensures that project information is distributed through the right channels and in a timely manner.
iii. Stakeholder Management Plan
The first step in stakeholder management is identifying the right stakeholders. Once they have been identified, a thorough research is conducted to establish their suitability. As soon as the stakeholders have been listed in terms of priority, they can be contacted.
iv. Resource Acquisition Plan
Resource acquisition is done through negotiations with other project managers. Virtual teams can be involved in brainstorming processes as well as decision making. What is more, the project team must develop a physical resource assignment document.
v. Team Development Plan
Upon choosing the right people to participate in the project, the project managers should set the tone and ground rules. The goals should be clear and achievable. They should also be used to building team spirit and enthusiasm.
How to Develop Project Human Resources
The project human resource acquisition process contains the following key steps:
1. Review project staff assignments.
2. Review human resource management plan.
3. Determine resource availability.
4. Utilize project human resource management tools.
5. Conduct team performance assessments.
6. Update project environment information.
Figure 6.1 illustrates the overall flow of the project human resources development process. The arrows on the lines show the direction of the information flow.
Emotional Intelligence
The project managers must not only possess traditional work management and administrative skills to be successful but they also possess strong leadership qualities such as emotional intelligence, toughness, determination, and vision for sustainable success. High degree of emotional intelligence, which includes self-awareness, self-regulation, motivation, empathy, and social skill, truly sets a project manager apart as an effective leader. Table 6.1 depicts the definitions of these five components of EI and the results of possessing them.
The mind map in Figure 6.2 summarizes the project human resources development process.
