All projects have stakeholders. If they didn't, the project wouldn't exist. As a minimum, the project sponsor is a stakeholder who is expecting to receive the project's deliverables. Usually there are expectations to receive them at a certain time, cost, quality level, or other criteria as well. The project manager must know who the stakeholders are and actively … [Read more...]
In 2005, when Airbus was in the development phase of the A380 Superjumbo, they announced a delay in the delivery of the first jet due to internal software issues. One year later, another delivery delay was announced. This time, however, several executives lost their jobs as the share price tumbled 26%. Could the delay have been avoided? Maybe, but this demonstrates … [Read more...]
Putting out fires is rarely a good project management strategy, even though most project managers have so much experience with it that they could take it up as a second career. Suffice it to say that project control is where the project manager earns their wages. Project control is the tasks required to ensure the project is completed on time, on budget, … [Read more...]
Many projects have a long list of requirements, from product features to design standards to quality metrics. Each of these requirements originated from a stakeholder, manager, or company policy. To make matters difficult, the stakeholder often can't even articulate their requirements or how they would like it implemented into a solution, or company policies … [Read more...]
A Project Management Information System (PMIS) is one or more software tools used for a project's information storage and distribution. There are many types of PMIS, and equally diverse ways of applying these types of systems for optimal benefit to the organization. The components of a project management information system are: Scheduling Estimating … [Read more...]
Monitor Stakeholder Engagement is the 4th out of four processes within the Project Stakeholder Management knowledge area within the Project Management Body of Knowledge (PMBOK). It occurs within the Monitoring & Controlling process group. The inputs, tools & techniques, and outputs are as follows: Monitor Stakeholder Engagement is the process … [Read more...]
A stakeholder matrix is a project management tool used to analyze a project stakeholder to determine the actions which are necessary to align their goals with the project. There are several different types of stakeholder matrices: Power Interest matrix Stakeholder analysis matrix Stakeholder Engagement Assessment matrix Power-Interest Matrix In a … [Read more...]
Stakeholders are to a project like players are to a team. Having the best players is one of the easiest ways to win the game, but strategy and tactics led by the coach (project manager) can go a long ways. Thus, successful projects know who their stakeholders are and what motivates them. That's where stakeholder analysis comes in. Stakeholder … [Read more...]
All projects have stakeholders. As a minimum, the project sponsor who initiated the project expects some type of deliverable. In addition, customers and end users are anxiously awaiting the completion of the product, and the project team is eager to use their skills to produce it. Hence, project success is largely defined by the stakeholders. The goal of … [Read more...]
All projects have stakeholders. As a minimum, the project sponsor who initiated the project is a stakeholder who expects a deliverable from the project. At first glance, the project's stakeholders might be obvious, for example a government approval, or an adjacent landowner that is affected by a construction project. But these main stakeholders are seldom the … [Read more...]
