5 Ways To Get More From Your Stakeholders

improving-stakeholder-participation | Photo Courtesy of	 USDAgov	http://www.flickr.com/photos/usdagov/7116732673/sizes/q/Managing stakeholders is a critical part of any project. An article on The Project Management Hut discusses five steps to meet the needs of stakeholders while ensuring they don’t create obstacles on the path to successful project implementation:

  1. Define who is a stakeholder. Stakeholders are those who can influence a project or who have an interest in it.
  2. Align goals and expectations. As The Project Management Hut article mentions, this is important. If companies don’t align project goals with expectations, they’re not going to be successful. It’s about making sure your stakeholders achieve their goals, such as managing inventory from a single system.
  3. Create a plan to manage stakeholders. As the article says, it’s important for companies to resolve concerns and help get the stakeholders to the best possible decision.
  4. Plan to influence stakeholders. This is an essential point that the article discusses. It isn’t important to be seen as a leader. It’s more important to know what’s going on and make sure you’re in constant communication with people. When it comes to making business recommendations to customers and CXOs, it’s about understanding their concerns and influencing them with your expertise.
  5. Practice time management. Make sure you’re spending time talking with stakeholders about the project. Remember, this is a key way to help drive your project to a successful end.

Source: The Project Management Hut, September 2012