Stakeholders can be defined as a person or group that has an affect or is affected by the company's project (Larson & Gray, 2014). The project stakeholders for the District 4 move project are:
Investors and/or creditors
Company employee
Contractors which include East Side Framing, Sparks Electrical, Waterworks Plumbing, Woodcraft Carpentry, Movers, and Student Workers
Local and state government official which include City and County inspection team
Local community because this type of business will produce jobs, provide a boost to the local economy, and possibly use the resources of the community. It can also have an effect on traffic increasing travel times.
Environmental agencies
Customers
Suppliers
Effective stakeholder management requires effective communication. There are three types of communication which is traditional reporting, project relations, and direct communication (SHM, 2016). Reporting demonstrates you are running the project properly. It shows that a project manager is conforming to expectations. Some traditional reporting examples are project status reports, minutes from meeting, reports to shareholders or board of directors, and government mandated report such as safety reports (SHM, 2016). Project relations or PR includes all the broadcast type communications needed to provide information about the current project to a bigger stakeholder community (SHM, 2016). An effective PR campaign can build enthusiasm and high level of recognition for the project and the deliverables. It will also help the project reduce negative impressions which can lower the levels of opposition for the project. The last is direct communication. Direct communication needs to be focused on the important stakeholders and it is set up for a specific effect (SHM, 2016). This type of communication can provide direction for your employees, contractors, and suppliers.
Stakeholders
Type of Communication
Examples
Reasons
Investors/Creditors
Reporting
Financial and Budget Reports
Project Status Reports
Milestones Achieved Report
Meetings to Brief Reports
Keeps the investors/creditors informed about the financial state of the project. They have an idea of how their money is being used.
Company Employees
Reporting and Direct
All Reports
Direction to complete the project plan
Keep all employees up to date of the project and gives them guidance on how to complete their part.
Contractors
Direct
Project Plan and direction to complete the plan
Gives them specific guidance on how the job needs to be completed within building codes.
Government Officials
Reporting
All Mandates Reports
Safety Reports
Audit Reports
Give officials all information to ensure the project is not violating any laws. Many of these reports are mandatory.
Community
Project Relations and Reports
Social Media, Town Hall Meetings
Minutes from Town Hall
Keeps the community informed and energized about the project. Let's the community know how the company is making an impact and bettering the communi.
Stakeholders can be defined as a person or group that has an affect .docx
1. Stakeholders can be defined as a person or group that has an
affect or is affected by the company's project (Larson & Gray,
2014). The project stakeholders for the District 4 move project
are:
Investors and/or creditors
Company employee
Contractors which include East Side Framing, Sparks Electrical,
Waterworks Plumbing, Woodcraft Carpentry, Movers, and
Student Workers
Local and state government official which include City and
County inspection team
Local community because this type of business will produce
jobs, provide a boost to the local economy, and possibly use the
resources of the community. It can also have an effect on traffic
increasing travel times.
Environmental agencies
Customers
Suppliers
Effective stakeholder management requires effective
communication. There are three types of communication which
is traditional reporting, project relations, and direct
communication (SHM, 2016). Reporting demonstrates you are
running the project properly. It shows that a project manager is
conforming to expectations. Some traditional reporting
examples are project status reports, minutes from meeting,
reports to shareholders or board of directors, and government
mandated report such as safety reports (SHM, 2016). Project
relations or PR includes all the broadcast type communications
needed to provide information about the current project to a
bigger stakeholder community (SHM, 2016). An effective PR
campaign can build enthusiasm and high level of recognition for
the project and the deliverables. It will also help the project
reduce negative impressions which can lower the levels of
opposition for the project. The last is direct communication.
Direct communication needs to be focused on the important
2. stakeholders and it is set up for a specific effect (SHM, 2016).
This type of communication can provide direction for your
employees, contractors, and suppliers.
Stakeholders
Type of Communication
Examples
Reasons
Investors/Creditors
Reporting
Financial and Budget Reports
Project Status Reports
Milestones Achieved Report
Meetings to Brief Reports
Keeps the investors/creditors informed about the financial state
of the project. They have an idea of how their money is being
used.
Company Employees
Reporting and Direct
All Reports
Direction to complete the project plan
Keep all employees up to date of the project and gives them
guidance on how to complete their part.
Contractors
Direct
Project Plan and direction to complete the plan
Gives them specific guidance on how the job needs to be
completed within building codes.
Government Officials
Reporting
All Mandates Reports
Safety Reports
Audit Reports
Give officials all information to ensure the project is not
violating any laws. Many of these reports are mandatory.
Community
Project Relations and Reports
3. Social Media, Town Hall Meetings
Minutes from Town Hall
Keeps the community informed and energized about the project.
Let's the community know how the company is making an
impact and bettering the community.
Environmental Agencies
Reporting and Project Relations
Safety Reports and Environmental Reports
Ensures the project is following all regulations. Gets these
agencies to back the company rather than attack the company.
Customers
Project Relations
Social Media
Newsletters
Media Coverage
Keeps our customers informed about the changes the company
is going through. Builds excitement.
Suppliers
Direct
Purchase request and delivery plans
Gives the suppliers specific guidance on what supplies are
needed and will be needed in the future.
Must be original work using APA guidelines. One strong
paragraph per question. (3) questions
1.
1.
How does the community fit in as a stakeholder management, as
negative or positive stakeholders of a project? Such as
environmental groups, government regulatory, etc.
2.
2.
What ways can reporting be done to executives and even
employees which may not be considered traditional?
4. 3.
3.
How might you accommodate your reporting depending on how
a person understands the best? Why?