Stakeholder Analysis and Risk Assessment in Nightingale Hospital Project
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This report discusses the stakeholder analysis and risk assessment in the Nightingale Hospital Project. It explores the different stakeholders involved, their power and interest, and the potential risks associated with the project. Recommendations are provided to improve stakeholder engagement and mitigate risks.
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PROJECT MANAGEMENT 1
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TABLE OF CONTENT INTRODUCTION...........................................................................................................................4 Stakeholder Analysis Chart.........................................................................................................5 Risk Assessment diagram............................................................................................................6 Critical analysis...........................................................................................................................6 Conclusion and recommendation..............................................................................................17 REFERENCES..............................................................................................................................17 2
INTRODUCTION Project management is process of application of skills, knowledge and techniques by project manager to complete specific task in limited time so that end objectives can be achieved. So, it is leading group of individuals towards activities that they need to perform for starting and achievement of goals of new project. Stakeholder analysis is used to identify associated stakeholderofprojectandtheirneedsthatcanbedeliveredthrougheffectiveproject management. Moreover, stakeholders are individuals that are interested in project so they are directly impacted by growth and development of project. So, analysis helps in finding alternative method that could be used to satisfied needs of stakeholders. The project involves numerous risk so project manager needs to identified them in advance and plan effective strategies to overcome them for better outcome. Therefore, risk analysis is also important as it helps in understanding likelihood as well as impact of particular risk on the newly started project. This report has discussed aboutNightingale hospital Project, in terms of stakeholder analysis and associated risk of the project. At last it has covered suggestion that could be used to improve the project and helps in satisfying needs of interested stakeholder in more effective manner. 3
Stakeholder Analysis Chart Power MEET THEIR NEEDS ďMedia Persons KEY PLAYERS ďPatient ďCommunities ďProject manager ďGovernment agencies ďInvestors LEAST IMPORTANT ďSuppliers ďOther Hospital or competitors SHOW CONSIDERATION ďEmployees ďTrade Unions Interest 4
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Risk Assessment diagram IMPACT PROBABILITY OR LIKELIHOOD LOW LOWMEDIUMHIGH Resource riskSchedule riskScope risk MEDIUMTechnology risk Legal riskStakeholder engagement risk HIGHCost riskCommunication risk Changesin external environment likeimpactof covid-19 Critical analysis Stakeholder analysis Stakeholder analysis is an effective process that is completed by project manager before starting the project in order to identify interested people, their level of participation and influence intheproject.Moreover,ithelpsprojectmanagerindeterminingthewayitneedsto communicate with all these stakeholders so that they are happy and satisfied. Therefore, various stakeholders associated related toNightingale hospital Project can be explained as follows: High power, low interest: This is segment of people that have high power but low interest in operation or start up of the new project so they needs to be keeps satisfied. Such asMedia Persons have high power as they post daily news of start-up new project which will going to help in providing better healthcare facilities to several individuals (Xue, 2021). Moreover, these have limited interest in growth and success of project they merely published the report related to procedure of start- up ofNightingale hospital in United Kingdom. So,project manager of 5
Nightingale hospitalshould work on fulfilling needs of such kind of people so that they can be stay motivated and happy. High power, high interest: It is second group of individuals that have high power to take all decision related to the project so that end goals can be accomplished in limited time frame. With having more power, they also have high interest in smooth operation of project as they will get maximum benefits. Likewise in context of project ofNightingale hospital patient or people living in society has more power, interest in starting of hospital that can provide better healthcare facilities to them. Government is also part of this segment as it also has maximum power to decide and interest as it will lead in making life of people better and healthy (Eskerod and Larsen, 2018). Thus, contribute in growth and success of economic too much extend. In addition to this project manager of Nightingale hospital is responsible for deciding all activities need to be completed so that project can be made successful. Thereby it also has high interest and power related to the project. At last investors are individuals that have invested their money or capital in project to get maximum return or outcome. So, investors of Nightingale hospital are also categorized in high power and high interest because they have power to take all crucial decision related to project. Therefore, it can be stated that the project manager needs to keep engage and consult all these stakeholders by providing them regular information pertaining to progression of project. Low power, high interest: This is third segment of stakeholder analysis in which people that have low power but high interest in operation of project are considered. For example: There are many other hospital in UK that are delivering range of services to people so that their health condition can be improved. So, they have high interest in start-up and operation ofNightingale hospital project but lower power or less influence on it (Aerts, 2020). At the same time suppliers are individuals that are providing material at both cash and credit so for their credit sales they are interest in smooth operation of project. Therefore, people of this segment just need to be informed about the operation of project. Low power, low interest: It is the segment of people that have low power as well as low interest in the project so they just needs to be monitor for betterment of project. In context ofNightingale hospital project employees, trade unions are individuals that have low power as well as low interest. So they are just informed about task that they need to be completed in specific time frame for achievements of end goals (Register, 2017). 6
Risk register REPRESENTATION OF COLOUR 1 2 3 4 5 Risk Management Register Risk IdentificationAsse ssme nt ResponseMonitoring and control Sr. No. RiskCauseEffectProb abili ty Strate gy ActionRespo nsible person s Pre action Pre actio n score Post action Post actio n score 1Chang es in extern al enviro nment like impact of covid- 19 External environ ment keeps on changing so this risk can be easily caused. Such as covid-19 is sudden It will lead in delay in comple tion of project . 5Mitiga te Project manag er will contin uously monito r change s that are happen ing in Project manag er The manag er will keep eye on extern al enviro nment though use of digital 5It will plan key action related to new change so that it can be easily cope up and project 4 7
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pandemi c situation that may adversel y impact on project of Nighting ale hospital. extern al enviro nment. In order to aware of them and plan better strateg ies to cope with them (Leva, and et.al., 2017). techno logy. can be complete d in limited time frame as well as cost. 2Resou rce risk Nighting ale hospital is big project so it is difficult to Project will have limited range of resourc e to 3AvoidIn order to overco me resour ce risk manag Project manag er .Plan resour ces to be requir ed to compl ete the 4Find alternati ve sources form which resource s can be 5 8
estimate total amount of resources required to complete the project. So ineffecti ve estimatio n of resources required results in resource risk. comple te its activiti es pertain ing to startin g and procee ding project of Nighti ngale hospita l. er will ensure d that all financi al and human resour ce are present to compl ete the task related to project . activit y arranged so that project can be complete d (Kerzner , 2018). 3Cost risk The cost of resource or raw material, wages to labour etc may rise with time. So, The overall effect will be increas e in cost of project . 4AcceptManag er will take steps to make best use of resour ce so Project manag er Manag er will make contra ct in advan ce with worke r to 3Identifie d method through which cost can be reduce to maximu 2 9
change in prices of material and other things results in cost risk. that project can be compl eted in minim um cost (Dovg an, Mokho nko and Arteme nko, 2017). compl ete task in limite d amoun t of wages or purcha se all materi al at similar cost. m level. 4Comm unicati on risk Dueto ineffecti ve coordinat ion among team member communi cation risk may arise. Ineffec tive comm unicati on will lead in confusi on and conflic t regardi ng activiti esor 2Mitiga te Project manag er will make ensure that there is contin uous flow of inform ation among team Project manag erand team Coordi nate people 2Find erroror areas where commun ication lack 5 10
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task need to be comple tedby specifi c individ uals. memb er. They are aware of their respect ive roles and respon sibiliti es. 5Sched ule risk The project manager is unable to schedule time frame in which particula r activity need to be complete d. It will lead in project delay. 1AvoidProject manag er will effecti ve schedu le each activiti es pertain ing to Nighti ngale hospita l project . Project manag er and team membe r Projec t manag er will undert aken actual time taken to compl ete task in order to schedu le 4Identifie d the way activities can be complete d in schedule time. 3 11
activiti es. 6Techn ology risk Limited access and knowled ge related to operating new technolo gy. Create some challen ge in effecti ve operati on of project . 2Transf er Manag er will ensure that it have all innova tive techno logy as well as skilled people to use them for better ment of project . Project manag er Has planne d to all digital techno logy to compl ete project . 5Arrangin g technolo gy and training people to use the same to proceed the project. 3 7Stakeh older engag ement risk There may be chance that stakehol der may It will act as barrier in effecti ve 1Mitiga te Project manag er will try to satisfie d Project manag er It will identif ied and plan strateg 3Meet stakehol der expectan cy for their 4 12
not be intereste d in participat ing in the project. comple tion of project . needs of each stakeh olders. ies to meet needs of interes ted stakeh older of Nighti ngale hospit al engagem ent. 8Legal risk There are various legal laws that directly impact on project. Itmay cause closure of project ifnot abided. 2Mitiga te Manag er will ensure that all legal laws are follow ed while procee ding the project . Project manag er Get knowl edge related to law and fulfil all formal ity related to the same for start up of It will 5Make necessar y changes as per new law. 4 13
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identif ied and plan strateg ies to meet needs of interes ted stakeh older of Nighti ngale hospit al project . 9Budge t risk Ineffecti ve identifica tion of cost, expense related to project. Itmay cause delay in project . 5AvoidProject manag er will devote more time and efforts in order Project manag er and senior. Planni ng of budget by consid ering each and every expens 4Finding different method to meeting expense. 3 14
to design budget of project . e (Galli, 2018). 10Scope risk Scope of project not clearly defined that result in problem in understa nding the project. Cause hindra nce in achiev ement of Nighti ngale hospita l project . 2AvoidManag er will clearly define d the scope as well as purpos e of the project . Project manag er Settin g goals to be achiev ed throug h compl etion of Nighti ngale project .. 3Taking necessar y steps to redefine scope of project. 4 Evaluation of the way project manager will utilise two techniques for effective project management There are different method that could be used by project managerso that project can be successfully completed. Likewise, Work breakdown structure and Ghatt chart are two techniques that could be used by manager to complete the project in effective and efficient manner for desired outcome. Work break down structure has contributed in segregating various types of activities needs to be completed so project can be completed as per set standard time as well as cost. It will help manager in delegating specific task and activities to particular group of 15
individuals which has resulted in getting maximum outcome at minimum cost (Ansah and Sorooshian, 2018). At the same time Gantt chart technique used by project manager will fruitful in scheduling actual time taken to complete particular activities. Therefore, Gantt chart is project management tool that helps in planning and setting activities of complex project. So, these two techniques were used to complete project in specific quality, time and cost. Conclusion and recommendation From the above report it can be concluded that project management is important process as it helps in planning, organising and integrating several activities for attainment of desired results. The project manager ofNightingalehospital need to effectively understand the risk and associated impact in order to find appropriate strategies that could be used to overcome the same. It is also learned that stakeholder analysis helps in understanding interest individuals and their level of participation thereby helps in identifying method that needs to be used to make them happy and satisfied. Therefore, it can be suggested that project manager needs to make all stakeholder happy by understanding their needs, interest and participation for smooth operation of project and achievement of end goals. 16
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REFERENCES Books and journal Aerts, S., 2020. Integrating stakeholder analysis models to gather more stakeholder insight. Ansah,R.H.andSorooshian,S.,2018.4Pdelaysinprojectmanagement.Engineering, Construction and Architectural Management. Dovgan, L. E., Mokhonko, A. Đ. and Artemenko, L. P., 2017. Project management. Eskerod, P. and Larsen, T., 2018. Advancing project stakeholder analysis by the concept âshadows of the contextâ.International Journal of Project Management,36(1). pp.161- 169. Galli, B.J., 2018. Risks related to lean six sigma deployment and sustainment risks: How project managementcanhelp.InternationalJournalofServiceScience,Management, Engineering, and Technology (IJSSMET),9(3). pp.82-105. Kerzner, H., 2018.Project management best practices: Achieving global excellence. John Wiley & Sons. Leva,M.Candet.al.,2017.Riskregisters:Structuringdatacollectiontodeveloprisk intelligence.Safety science,100. pp.143-156. Register, S. R., 2017. Strategic Risk Register.Policy,4(2). p.8. Xue, J., 2021. Stakeholder analysis in the dynamic and complex environment of megaprojects. 17