The project stakeholder community includes people, organizations, and groups with a consigned interest or care about a project. The project stakeholder community comprises the top management, project team, project manager, sponsors, investors, resource managers, internal customers, external customers, government, subcontractors, contractors, and suppliers (Derakhshan et al., 2019).
The top management constitutes the company’s president, directors, vice president, corporate committee, and division managers. These individuals guide an organization’s development and strategy. The project team comprises persons borrowed temporarily or devoted and enthusiastic about the project. A project manager provides the project team direction, support, and leadership when completing their tasks. Resource managers are in charge of handling resources. The external customers are the clients.
A project sponsor (an organization or individual) acts as the investor, initiator, administrator, advisor, and critical decision-maker (Pedrini & Ferri, 2019). The sponsor also approves capital allocations and makes decisions concerning the flow of money within a project. Project investors are people who commit funds to a project with the expectation of receiving monetary profits. The external customers would purchase and use the project’s products and services. Internal customers have an association with the organization through partnership or employment.
Project managers must work with government departments and regulators, including the provincial, federal, municipal, and international governments. The project subcontractors, contractors, and suppliers offer resources and expertise to a project. They include electricians, architects, and carpenters. Numerous projects rely on commodities provided by outside suppliers. The project stakeholder community is actively involved with a project’s work and has something to lose or gain from the project’s results. The project may impact the stakeholder community and have a corporate interest in a project outcome. Identifying the stakeholder community is vital to meeting the project objectives and goals.
The stakeholder register contains information related to the stakeholder’s organizational positions, expectations, project roles, and communications requirements. The register contains details encompassing classification, assessment information, and identification information. The stakeholder’s organizational positions include the top management, sponsor, investor, resource manager, project team, and project manager. The project roles encompass the project lead, sponsor, coordinator, functional or technical lead, and clients.
The executive sponsor authorizes the financial plan while the project lead manages individuals, risks, issues, and conflicts (Freeman et al., 2018). The project coordinator coordinates the project’s efforts, while the functional or technical lead can allocate resources and work. The top management is expected to guide the strategy and development of the project. The project team will exhibit high professionalism in the task, job, or skill. They will perform the project’s specific tasks to attain its objectives.
The project manager is responsible for applying project management approaches to ensure the project’s success. The sponsor provides support and resources for the project. Responsible for facilitating success (Pedrini & Ferri, 2019). The investor provides ideas and financial aid to boost and promote the project. Participate in financial and managerial decisions. The internal and external clients will pay for the project services and products. Additionally, the subcontractors, contractors, and suppliers will supply services or acquire resources for the project.
Lastly, the government will address organizational, financial, and technological barriers. The top management team will be contacted through face-to-face meetings, emails, project documentation, and newsletters. Similarly, the project team and manager, investor, resource managers, contractors, subcontractors, suppliers, and internal clients will be contacted via interactive communication, encompassing phone conversations and video conferencing. The government and external customers will be contacted via pull communication through project websites. The top management, sponsor, and investor will also be contacted through push communication via emails, project documentation, and project newsletters.
Record stakeholder information in the stakeholder register below.
Stakeholder
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