Project Charter and Stakeholder Analysis: Big Data Analytics Report

This report presents a comprehensive analysis of a Big Data Analytics project, focusing on the project charter and stakeholder management strategies for Intelligent Information Inc. The report begins with an introduction to project management and its importance in achieving organizational goals. It then details the project charter, including the problem statement, scope, team members, benefits, and timeline. A stakeholder register is provided, outlining the roles, requirements, and expectations of various stakeholders, including George Smith, Sam Johnson, Vinh Tran, Jack Smith, Susan Wong, and the IS project manager. The report further explores stakeholder management strategies, emphasizing the importance of risk register, strategic management, and effective communication. The conclusion summarizes the key findings, highlighting the benefits of data analytics and stakeholder engagement in achieving project success. The report references several academic sources, including works by Eskerod, Vaagaasar, Bridoux, Stoelhorst, and Grant, to support its analysis and recommendations.

Report

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................2
PROJECT CHARTER.....................................................................................................................2
STAKEHOLDER REGISTER........................................................................................................3
STAKEHOLDER MANAGEMENT STRATEGY.........................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Project management is referred as practice which focuses on effective development of tools
which assist in completing project. It allows to analyse combined activities in desired manner to
meet the sustainability so that goals and objectives can be accomplished (Eskerod and
Vaagaasar, 2014). In present report project charter and stakeholder’s analysis is being presented
to understand the concept more effectively.
PROJECT CHARTER
Project Name: Big Data Analytics Package Problem Statement
Company is facing issue in terms of
stakeholder’s management and their needs
accomplishment. It impacts the working of
business entity and creates issues. It is essential
for management to employ data base analytics
so that risk and needs can be identified
properly.
Scope
Application of data package will allow to
identify the stakeholder’s needs in easy
manner. Risk regarding business can also be
evaluated in desired manner which is beneficial
for long term success. With an assistance of
this, productive operations motive can be
accomplished by Intelligent Information Inc.
Team Members
1. George Smith
2. Sam Johnson
3. Vinh Tran
4. Jack Smith
5. Susan Wong
6. IS project manager
Benefits
I. With an effective consideration of data
analytics package project the business
firm like Intelligent Information Inc.
can easily focus on proactivity and
effective anticipation of needs.
II. Along with this, company can also
Timeline
Current project will be started by 12 April,
2018 for the next 60 days. In this, number of
activities will be performed to meet the
standards and ensure that project will be
completed by the starting of July, 2018.

attain effective knowledge in respect to
risk and their mitigation activities.
III. Delivery of services and needs can be
standardised with a relevant
information.
IV. Personalisation and services factor can
be improved in order to have
sustainable practice development.
V. Optimisation of activities can be
advanced for better experience of
stakeholders.
Organisation: Intelligent Information Inc.
STAKEHOLDER REGISTER
Name Position Role Requirements Expectation
s
Influence
1. Georg
e
Smith
VP of
Operati
ons
Monito
ring of
overall
project and
provide
necessary
guidelines
to meet the
standards.
 Person must
have skills
of
monitoring
techniques.
 Managerial
standards
knowledge
Compan
y expects
that proper
guidance
and
standards
will be
shared by
member so
that others
can work
accordingly.
It will
increase
the
authenticit
y of the
project and
ensure that
goals and
objectives
are being
accomplis
hed.
2. Sam
Johnso
n
VP of
Marketi
ng
Membe
r must
provide
appropriat
 Marketing
skills
 Knowledge
of project
Promotio
n of package
is necessary
to create
Resourc
e
allocation
process

e support
in terms of
marketing
so that key
needs of
project can
be
accomplis
hed.
activities
and data
base
managemen
t
awareness
and ensure
about
resource
allocation.
will be
streamline
d with a
help of
VP.
3. Vinh
Tran
Risk
Manage
r
To
have
proper
coordinati
on with IS
project
manager
and other
stakeholde
rs of the
project.
Person
must
consider
risk
evolution
factor
associated
with the
project so
that
appropriat
 Risk
identificatio
n skills
 Observation
 Mitigation
activities
knowledge
Risk are
being
evaluated
and
identified so
that project
accomplish
ment will
not be
harmed.
Proper
designing of
strategies to
ensure about
risk factor.
Risk will
be reduced
which will
impact the
productivit
y of
project in
positive
manner
(Eskerod
and
Vaagaasar,
2014).

e strategies
of
mitigation
can be
taken into
account.
4. Jack
Smith
CFO,
Project
Sponsor
and
Chairma
n of
Project
Steering
Commit
tee
To
ensure
about the
fund
allocation
system and
make sure
that
decisions
are being
taken with
coordinati
on of
members
of Steering
Committee
.
 Managerial
decision
power
 Decision
making
skills
 Leadership
Support
is terms of
finance is
being
provided so
that better
opportunitie
s can be
created.
Also,
team work is
being
promoted
under the
guidance of
VP of
Operations.
Improve
ment in
terms of
financial
and
managerial
support
can be
taken into
account. It
assist in
meeting
the needs
of project
as well as
stakeholde
rs.
5. Susan
Wong
CIO and
member
of
Steering
Commit
tee
To
supervise
the work
of team
and ensure
that proper
standards
are being
 Leadership
 Team work
 Observation
 Guidance
and
mentoring
Group
coordination
with
ensuring that
other
members are
working
properly.
Standards
at
workplace
can be
advanced
and well
maintained
in regard

followed
by IS
project
manager.
Needs
must be
identified in
critical
manner.
to have
sustainable
measures
(Lim and
Greenwoo
d, 2017).
6. Me IS
project
manager
Key
roles are to
ensure
about the
ground
operations
so that
better
platform
can be
offered to
meet the
needs of
various
stakeholde
rs.
 Interpretatio
n of
knowledge
for practical
use
 Application
of standards
 Team work
and
coordinatio
n
Guidanc
e of
members is
being
employed at
ground level
in
significant
manner.
Also,
application
of measures
is being
taken into
account to
meet the
requirement
s of project.
Project
can be
accomplis
hed with
desired
standards
so that
measures
in terms of
sustainabil
ity can be
promoted.
STAKEHOLDER MANAGEMENT STRATEGY
In order to have effective accomplishment of the project and ensure that stakeholder’s
management is being advanced the project manager can focus on risk register. It will allow to
have identification of risk so that strategies and decision can be taken on the basis of needs/risk
(Tantalo and Priem, 2016). It allows to have long term sustainability and ensure that goals and
objectives can be meet. In this, risk can be classified in different ways so that issues can be
resolved and lead business to better managerial practice.

Figure 1: Stakeholder management strategy
(Source: Eskerod and Jepsen, 2016)
Along with this, company like Intelligent Information Inc. can focus on strategic
management of stakeholders by having consideration of diverse factors. In this, management
need to refer four key essential factors such as monitor closely, manage with maximum effort,
monitor with minimal effort and keep informed. In addition to this, it can be said that by creating
a better interest level the performance and level of authorisation can also be advanced in critical
manner (Grant, 2016). With an assistance of this, corrective measures the issues can be resolved
and lead to impressive level of success.
In addition to this, it is also necessary for management to have consideration of
stakeholder’s management plan. In this, things need to be managed by business entity in regard
to have development of tools (Kerzner and Kerzner, 2017). Four key stages are there which need
to be followed by management such as identify stakeholders, plan stakeholder’s management,
manage stakeholder engagement and control stakeholder engagement. It means consideration of
such measures in practice allows to have long term development in regard to sustainability. By
having reference of effective communication plan the management of Intelligent Information
Inc. can also advance the effective management of stakeholders (Brioso, 2015). It also allows to

have sustainable development of measures and identification of needs. Planning of activities is
also essential in order to have accomplishment of the project.
Moreover, the application of training programs regarding data base is also a factor which
can boost the opportunities so that outcome can be resolved. Develop a comprehensive list of
people and/or organizations that have the ability to impact organization or issue.
Segment stakeholders based on understanding of the degree of their ability to impact desired
outcomes (Bridoux and Stoelhorst, 2014). It means by having consideration of such measures the
risk and needs can be identified properly. It helps in improving the performance and ensure that
goals and objectives are being accomplished.
CONCLUSION
As per above study, it can be concluded that application of data base system can be
accomplished with an involvement of diverse stakeholders. By having a proper consideration of
actual and relevant information the issues in terms of management can be resolved. With a
continuous improvement in practice and designing of plan the issues can be resolved. By
creating a better interest level the performance and level of authorisation can also be advanced in
critical manner.

REFERENCES
Bridoux, F. and Stoelhorst, J.W., 2014. Microfoundations for stakeholder theory: Managing
stakeholders with heterogeneous motives. Strategic Management Journal. 35(1). pp.107-
125.
Brioso, X., 2015. Integrating ISO 21500 guidance on project management, lean construction and
PMBOK. Procedia Engineering. 123. pp.76-84.
Eskerod, P. and Jepsen, A.L., 2016. Project stakeholder management. Routledge.
Eskerod, P. and Vaagaasar, A.L., 2014. Stakeholder management strategies and practices during
a project course. Project Management Journal. 45(5). pp.71-85.
Grant, R.M., 2016. Contemporary strategy analysis: Text and cases edition. John Wiley & Sons.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Lim, J.S. and Greenwood, C.A., 2017. Communicating corporate social responsibility (CSR):
Stakeholder responsiveness and engagement strategy to achieve CSR goals. Public
Relations Review. 43(4). pp.768-776.
O’Dea, M., 2014. Process improvement. Sage.
Rowe, S.R., 2015. Project management for small projects. Berrett-Koehler Publishers.
Tantalo, C. and Priem, R.L., 2016. Value creation through stakeholder synergy. Strategic
Management Journal. 37(2). pp.314-329.