This document discusses project stakeholders, their responsibilities, and the importance of communication. It defines stakeholders as individuals and organizations actively involved in or affected by a project. Project managers must keep all stakeholders informed, involved and motivated. There are internal stakeholders like team members and managers, and external stakeholders like customers and suppliers. The document states that poor communication is a major risk for projects, costing companies $135 million for every $1 billion spent. It lists reasons for communication failures like inadequate planning and lack of transparency. Finally, it outlines the key steps in project communication management.

1. Project’s
Stakeholder,
Responsibility,
and Communication

2. Project Stakeholder
A project is a collaborative effort. People involved in project are
project’s stakeholders.
According to the Project Management Institute, project stakeholders
are defined as:
“Individuals and organizations who are actively involved in the
project, or whose interests may be positively or negatively affected
as a result of project execution or successful project completion.”

3. Stakeholders can change throughout
the project’s journey; they might be
influenced. Project managers job is to
keep all stakeholders informed,
involved and motivated. Managing
relationships between stakeholders is
one of the key skills of a project
manager.

4. Types of
Stakeholders
Internal Stakeholders
-Team members, managers,
executives...
External Stakeholders
-Customers, users, suppliers,
investors.

9. Communication
One out of three projects suffers from a
communication failure, according to the PMI
report. In fact, companies risk $135 million
for every $1 billion spent on a project and
new research indicates that $75 million of
that $135 million (56 percent) is put at risk
by ineffective communications, indicating a
critical need for organizations to address
communications deficiencies at the
enterprise level.

10. Without a sufficient project
communication plan, it’s impossible
to keep all responsible parties up-to-
date on the changing status of the
project. There’s a lack of
transparency which eventually leads
to inefficient, counterproductive
decisions that will hinder the aims of
the project in question.

11. Why does
communication fail?
• Inadequate planning
• Lack of transparency
• Failure to update
• Changes in team members

12. Project Communication
Management
1. Collection and analysis of data
2. Creation of messages for communication
3. Transmission or distribution of
communications
4. Storage of any communication reports,
files, or documents
5. Retrieval of any stored communications
6. Disposal of any old communications upon
project closure or a set date

14. THANK YOU