The PGDM Project Management course at MITSDE aligns with the Project Management Institute's curriculum, offering comprehensive training by experienced professionals.
1. MIT School of Distance Education
Stakeholder in Project
Management
2. What are Stakeholders in Project Management ?
● Stakeholders encompass individuals, groups, or entities whose interests
are intertwined with the outcomes of a project or business endeavor.
● Their involvement, whether from within or outside the sponsoring
organization, is pivotal as they possess the ability to shape project
outcomes through their decisions.
● Some stakeholders hold greater significance, termed as critical or key
stakeholders, whose backing is indispensable for the project's viability
and success.
● By prioritizing communication and engagement with these key
stakeholders, project managers can ensure alignment with project goals
and requirements.
3. Managing project stakeholders effectively involves several key steps:
1) Identify Stakeholders: Begin by identifying all individuals, groups, or organizations that are impacted by or
have an interest in the project. This includes internal stakeholders such as team members, sponsors, and
executives, as well as external stakeholders like clients, customers, regulatory bodies, and community groups.
2) Stakeholder Analysis: Conduct a thorough analysis to understand each stakeholder's level of influence,
interest, needs, concerns, and potential impact on the project. This can be done through techniques like
stakeholder mapping or power-interest grids.
3) Engagement Strategy: Develop a tailored engagement strategy for each stakeholder based on their analysis.
Determine the most appropriate communication channels, frequency of communication, and level of
involvement required to keep them informed and engaged throughout the project lifecycle.
How to Manage Project Stakeholders :
4. 4) Communicate Effectively: Communication is key to stakeholder management. Keep stakeholders informed
about project progress, changes, risks, and decisions in a timely and transparent manner. Use clear and
concise language, and be receptive to feedback and concerns raised by stakeholders.
5) Seek Stakeholder Feedback: Regularly solicit feedback from stakeholders to gauge their satisfaction with
the project and identify areas for improvement. Use this feedback to refine your stakeholder management
approach and enhance stakeholder engagement.
6) Monitor and Adapt: Continuously monitor stakeholder dynamics and adapt your approach as needed
based on changing circumstances or stakeholder requirements. Stay flexible and responsive to evolving
stakeholder needs throughout the project lifecycle.
How to Manage Project Stakeholders :
5. Internal Stakeholders
Internal stakeholders are individuals or groups
closely associated with the organization that is
executing the project. They are impacted by the
project outcomes as they are either employed by
or serve the organization in some capacity. These
stakeholders typically include employees across
various levels, owners or shareholders, members
of the board of directors, project managers, and
investors.
Types of Stakeholders
External Stakeholders
External stakeholders are individuals or entities
that exist outside of the organization and are
affected by the project, indirectly. Unlike internal
stakeholders, they are not employed by the
organization but are influenced by its activities. It’s
essential for project managers to engage and
manage relationships with external stakeholders
effectively to ensure project alignment with
broader societal, economic and regulatory
contexts.
6. Project management professionals must embrace stakeholder methodologies to enhance organizational
efficiency by refining and optimizing workflows and procedures.
The PGDM Project Management course at MITSDE aligns with the Project Management Institute's curriculum,
offering comprehensive training by experienced professionals.
MITSDE’s Post Graduate Diploma in Project Management course of project management is both an art and a
skill, presenting a challenging role. This course will prepare you to juggle the ever-evolving world of project
management with in-demand skills.
Stakeholders in Project Management
7. Why MITSDE ?
• Learn the concept, philosophy and importance of Project Management
• Understand the components of a project
• Create projects and hands-on Microsoft Project and Jira
• Learn project analysis, risk management and project audit techniques
• Create project documents and reports
8. 1) Project Coordinator
2) Project Scheduler
3) Project Manager
4) Senior Project Manager
5) Project Planner
Potential Careers Opportunities
Upon completion of the course, you will be in demand in thriving industries like Information Technology,
Pharmaceutical, Petrochemical, Construction, Automotive in challenging roles namely:
9. MIT School of Distance Education is one of the largest distance learning center in India. We offer various Post
Graduate Diploma and Certificate programs & Online MBA Course across various industry sectors that
include Operations Management, Project, Information Technology, Banking and Finance, Digital Marketing,
Business Analytics and many more. MITSDE has, an online assessment system, flexi-learning approach and
provides state-of the-art Learning Management System (LMS) which is in line with its mission 'flexible
learning opportunities anywhere, anytime, and to provide ultimate convenience, ease, and flexibility to our
students.
About US
10. o Regularly updated syllabus
o Industry-relevant course offerings
o Courses taught by Industry Experts
o Affordable courses
o No cost EMI options
o Self-paced learning
o Live webinars and doubt solving sessions
o Quick and highly-responsive student
support
o Dedicated student support team
Advantage of learning with MITSDE
11. Placement Record at MITSDE
MITSDE has a dedicated Placement Cell providing 100% placement, CV building workshops and Career
Counseling.
Our Student Placement :