In the complex world of project management, success has traditionally been measured by hitting targets related to scope, time, cost, and quality. However, there's an increasingly recognized truth that transcends these metrics: The perception of success by stakeholders is often the most crucial determinant of a project's real success. This perspective shifts focus … [Read more...]
In today’s digital age, social media is not just for sharing personal updates or marketing products; it's an incredibly powerful tool for project managers aiming to improve project delivery. When used strategically, social media can enhance communication, collaboration, stakeholder engagement, and even project marketing. Here are six ways that project managers can … [Read more...]
Projects are like trains rolling down the tracks - Once they are put in motion and they are hard to stop. Stakeholder communication is one of the project manager's most important jobs because the stakeholders define the success of a project. The stakeholders must be identified, actively managed, and communicated with to ensure their buy-in to the final product, or else … [Read more...]
A Stakeholder Engagement Plan is a formal strategy to communicate with project stakeholders to achieve their support for the project. It specifies the frequency and type of communications, media, contact persons, and locations of communication events. It is created at the beginning of the project and updated frequently as stakeholder communication needs change. Parts … [Read more...]
All projects have stakeholders. Like any area of life, no projects exist inside of a bubble. Although some come close, every project must have a project sponsor (as a minimum) who created the project and expects some sort of deliverable. But most projects have so many stakeholders that they must maintain a list in order to manage them all properly. In project … [Read more...]
In project management, a stakeholder is anyone who is affected by the project. This can be a real or perceived effect. Some are supportive and some are opposed to the project. Some have alot of influence and some have a little. Some are easy to persuade and some are not. But they all have a "stake" therefore project success and stakeholder management are integrally … [Read more...]
Most project managers think that delivering a project on time and budget, within all of the specifications, makes for a successful project. This is mostly true, but not completely. You see, every project has stakeholders. A stakeholder is defined as any person or organization who's interests overlap with the project in any way. They can be supportive or opposed, … [Read more...]
It is surprisingly easy to forget about a minor project stakeholder who then exercises a disproportionately large influence over the project's success after they feel like they haven't been adequately consulted. It happens on countless projects every day. For this reason, project stakeholder management is used to obtain, or maintain, stakeholder support for the … [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...]
There's nothing more aggravating than cheering or the underdog and then watching the favorite team win with what seems like a complete stroke of luck. But ask anyone who has played a sport. The lucky bounces always seem to go to the better team. It seems to defy logic when a shot results in a lucky bounce that has very little to do with skill. You inspect and … [Read more...]
