Project Management Business Project Stakeholders

Question: Describe about the Project Management for Business Project Stakeholders. Answer: Comment on the peer According to the Wysocki (2014), there are generally there are seven kind of stakeholders in any project, which are sponsors, customers, project managers, business analysts, business process engineers, resource managers and clients. An efficient communication with all this stakeholders is considered as one of the key factors in the success of the projects. As an example it can said that, the stakeholders like resources managers have a high influence in the project but has a minimum interest in the outcome of the project are must be listed as and involved in the project as a significant source of risk (Mller Turner, 2010). Therefore, analysing the importance of such stakeholders and involving them in the different stages can ensure the best results after the completion of the project. The stakeholders have three different perspectives that they use to measure the success of the project. It is important for the project manager to meet the expectation of the different stakeholders of a particular project. These are tactic, strategic and operational perspectives (Fleischmann Stary, 2012). Thus it can be assumed that, if project manager communicates with all the stakeholders with different perspectives to agree on the certain factors that are important for the success of the project, it will ensure the successful completion of the project. In addition to that, it will ensure the active participation and high quality product or service as the end result of the project. Thus by engaging the different stakeholders in the project and developing a sound communication plan for those stakeholders can be very helpful for the successful completion of the projects. References Fleischmann, A., Stary, C. (2012). Whom to talk to? A stakeholder perspective on business process development.Universal Access in the Information Society,11(2), 125-150. Mller, R., Turner, R. (2010). Leadership competency profiles of successful project managers.International Journal of Project Management,28(5), 437-448. Project Management Institute. (2013). A guide to the project management body of knowledge (PMBOK Guide) (5th ed.). Newtown Square, Pennsylvania: Project Management Institute. Wysocki, R. K. (2011).Effective project management: traditional, agile, extreme. John Wiley Sons.