Stakeholder Management Approach and Strategies for Project Success

TABLE OF CONTENTS
Revisions and Distribution....................................................................................................................
Amendments....................................................................................................................................
Project Sponsor Approval.....................................................................................................................
Stakeholder Management Approach................................................................................................. 3
Stakeholder Identification.................................................................................................................. 3
Stakeholder Register...................................................................................................................... 3
Power/Interest Grid....................................................................................................................... 3
Stakeholder Management Strategies.................................................................................................3
Manage closely...............................................................................................................................3
Keep satisfied................................................................................................................................. 3
Keep informed................................................................................................................................3
Monitor.......................................................................................................................................... 3
Control Stakeholder Engagement...................................................................................................... 3
Attachments:...................................................................................................................................... 3

STAKEHOLDER MANAGEMENT APPROACH
Proper processes are required to identify people, groups or organizations that could impact or be
impacted by the project, to analyse stakeholder expectations and their impact on the project, and
to develop appropriate management strategies for effectively engaging stakeholders in project
decisions and execution.
 Identifying who are the project stakeholders
 Defining what is the current level of support & what are the influence on the project
 Determining what is the desired level of support & influence
 Defining what is the influencing tactics
 Creating action and communications plans for the project
All these approaches are necessary for the project for managing the stakeholders properly and
ensuring success in the project. Hence these approaches need to be properly identified and
integrated in the project as well for effectively executing the project.

STAKEHOLDER IDENTIFICATION
Describe the process how stakeholders will be identified and classified.