Introduction
Stakeholder management is a crucial component of project management. Projects are created to meet the needs of the stakeholders. If the project’s stakeholders are not satisfied, it will not be a success. There are many ways of identifying stakeholders who present the biggest problem in project management.
Discussion
One common method is to review the stakeholder register, a project document containing important information on the project’s stakeholders. It may include the individuals, groups, and entities with a stake in the project or its result (Eskerod & Jepsen, 2017). The register may specify names, titles, functions, influence, interests, and more. Another important document is the project charter, which is a unique document that outlines the agreement between the project team members. It defines the project’s parameters, the goals to be achieved, and the team members’ respective functions within the project (Eskerod & Jepsen, 2017). In other words, it is possible to identify which stakeholders may cause problems for the project by examining the roles of each project participant as described in the register and charter.
The best way to cater to the needs of each stakeholder is to understand their roles. One can review the contract agreement to understand such needs since it often includes payment terminology, suppliers’ names, regional agents’ names, customer contact information, and more (Eskerod & Jepsen, 2017). For instance, the contract document can show a stakeholder’s influence on the project and is thus crucial for relationship-building. Similarly, analyzing the enterprise environmental factors (EEF) can identify numerous stakeholders.
Conclusion
The EFF document is essential for stakeholder management as it demonstrates how various factors, such as competition, the firm’s design, and regulatory requirements, may affect the project (Eskerod & Jepsen, 2017). Project participants must scrutinize these documents to understand each person’s role.
Reference
Eskerod, P., & Jepsen, L. A. (2017). Project stakeholder management. Taylor & Francis Group