Business Report on Stakeholder and Risk Management for Construction of World Class Attraction and National Heritage Site

Running head: BUSINESS REPORT
Business Report
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Student ID:
5721144
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Author’s note

1BUSINESS REPORT
Table of Contents
Introduction......................................................................................................................................2
Part 1................................................................................................................................................2
Stakeholder Management............................................................................................................2
Risk Management........................................................................................................................3
Project Planning...........................................................................................................................6
Process for recording the lesson learnt........................................................................................8
Part 2................................................................................................................................................8
Reflection of Project Management Skills....................................................................................8
Conclusion.......................................................................................................................................9
Bibliography..................................................................................................................................11

2BUSINESS REPORT
Introduction
The following assignment is based on the alignment of the operations that would help in
execution of the improved project operations. The development of the activities would be helpful
for executing the implementation construction activities (Schwalbe 2015). The natural heritage
site would be constructed for the alignment of the activities supporting the implementation of the
successive construction activities. The allowance would be aligned for the significant
development of the functions would be formed for listing the utilization of the effective
implication of the successful stakeholder management, risk management, project planning, and
lesson learnt from the study. The successful reflection of the project management skills would be
aligned for the complete report.
Part 1
Stakeholder Management
The project of construction of world class attraction and national heritage site would
require the implication of the effective development and processing (Walker 2015). The project
would include a number of stakeholders for executing the project and it would support the
implication of the effective roles and responsibilities for supporting the implication of the
effective activity development. The stakeholder management involve the identification of the
stakeholders, analysis of the stakeholders, and stakeholder communication plan development.
The identification of the stakeholders in based on the roles played by them for the project of
construction of world class attraction and national heritage site. The stakeholders are the key
personal that are directly or indirectly affected by the project activities. The stakeholders have
some influence, expectation, and power in the execution of the project activities (Fleming and

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Koppelman 2016). The analysis is based on these criteria so that the completion of the project
can assist the development of the operations. The influence and power of the stakeholders can be
divided into categories of high, low, and medium. The analysis can also be helpful for defining
the influence of the probable project development. The communication plan is based on the need
for transferring the information to the stakeholders. It is important for managing the
communication with the stakeholders as it would help in ceasing the influence and power factors
for the project (Heagney 2016). The stakeholder management for the project is given below,
Stakeholder Roles Influenc
e Power Communication
Client
In charge of acceptance or
rejection of the final project
deliverable
High High Progress Update of the project
is required by the client
Investors Provide initial investments
for the project activities High High Resource Usage documents
are submitted to the investors
Visitors
End users of the cultural
heritage building for the
general entertainment
purpose
Low High
Inauguration and publically
availability of the heritage
building would be conveyed
to the visitors
Government
Inspection of the site to
check whether construction
activities have followed all
safety measures
High Low
Completion and safety details
of the heritage site developed
would be conveyed
Project
Manager
Ensure that all activities are
completed and project
meets the SLA with the
client
Low High Progress, Issues, and change
requirements in the project
Risk Management
According to Bessis (2015), Risk Management is the process of reducing the possible
impact of the risk factors in a project operation. The project of construction of world class
attraction and national heritage site would be dependent on the various construction activities
and it would tend to involve many risk factors like lack of construction materials, interjection by