Join Terri Wagner for an in-depth discussion in this video Identifying the stakeholder life cycle, part of Project Management Foundations: Stakeholders.
- Throughout the project, you'll interact with stakeholders in various and different ways depending on the stage of your project. Stakeholders and their roles must be identified early in the project, as the stakeholders needs and wants are critical elements in the determination of your project requirements and deliverables. While creating the project charter, the key stakeholders at the highest levels, are typically identified to review the charter and sign off on the project. Once the project is approved and proceeded to the project team, a deeper dive is done to identify all stakeholders.
In the early stages of our KinetEco Wind Energy Project, we meet our key stakeholders and decision makers. The Chairman and CEO of KinetEco, Dr. Simon Lodine, Reporting directly to Dr. Lodine is Alberto Sanchez, President of KinetEco and Sally Kerner, CFO has financial responsibility for all aspects of the company. A senior member of her department, Susan Sharpe is Director of Finance, supports capital requisition, and other project financial needs.
Claire Jones, Director of IT, is responsible for all activities related to technology and intergration between KinetEco and the power companies. The Corporate Quality Department also has a major role in the project. The QA Manager, Kevin Williams, and his team will perform all hardware and software test plan development, coordinate test execution and document the results. Jenna Davis, the Operations Director, is responsible for all operational activities related to the project.
The Sales and Marketing team, led by David Weber, will be working to identify and sign potential power resellers. Legal Counsel will be involved closely with all contract creation and review activities on the project. Chief Counsel, June Su-Woo and her staff will participate in all negotiations and agency reviews. Raj Gupta, the Corporate Training Manager, leads all development of staff training materials, procedure manuals and quick help guides.
Depending on the model you choose, various other stages of stakeholder involvement will follow throughout the project. We'll explore several models in an upcoming movie. For now, let's consider the Project Management Body of Knowledge approach. After identifying all organizations, groups or individuals affected by the work or it's outcome. The project manager would plan stakeholder management, then manage stakeholder engagement and control stakeholder engagement.
We'll explore these stages in more detail a bit later. Once you choose or identify your existing project model, be prepared to identify and engage each stage within that model to help you work with stakeholders throughout your project.
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