More Related Content Similar to How Project Managers Can Influence Their Stakeholders’ Perceptions (20) More from Global Knowledge Training (20) How Project Managers Can Influence Their Stakeholders’ Perceptions2. Daniel Stober
danielstober@projectfirstinc.com
Principal consultant for project management
and business analysis at Project First, Inc.
PMP certified
15+ years of experience managing projects
Managed projects in the U.S., Middle East, and
Europe
Project management and business analysis
instructor for Global Knowledge
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 2
3. Webinar Outline
Analyze the Enterprise
Know Your Stakeholders
Understand Their Position in the Organization
Understand Your Stakeholders’ Key Success Priorities
Time
Cost
Scope
Quality
Understand Stakeholder Risk Tolerances/Appetites
Risk-Averse Stakeholders
Aggressive Risk Takers
Setting the Bar
In/Out of Scope Items
Change Control
Communicate for Success
Understand Their Expectations
Tailored Approach to Information Management
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 3
4. Stakeholders
Anyone who has an interest in a project, either in
favor of it or against it
Everyone who is affected by (or can affect) a
project
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 4
6. Key Stakeholders
Those stakeholders who must be satisfied by
project outcomes in order for the project to be
successful
Planning revolves around the fulfillment of their
expectations
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 6
7. Role of Stakeholder Analysis
Identifies the stakeholders
Ranks them by importance
Pinpoints their priorities and expectations
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 7
8. Stakeholder Importance
Impact = Significance of active participation
If stakeholders have high impact scores, it means
that their participation is critical to project outcomes.
Influence = Ability to affect organizational priorities
If stakeholders have high influence scores, it means
that their cooperation and political support are
necessary for project success.
Importance = Product of impact and influence
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 8
10. Stakeholder Priorities Ranking
Measures the significance a stakeholder attaches
to four fundamental success criteria:
Time
Cost
Scope
Quality
The stakeholder’s priorities are each assigned a
ranking from 1 (the highest priority) to 4 (the
lowest priority)
Each success criteria must be given a different
ranking; there can be no ties.
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 10
13. Stakeholder Management
Communications, communications,
communications
Stakeholder analysis leads to communication
planning
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 13
14. Information Flow
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 14
15. Input from Stakeholders
Decision points
Planning milestones
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 15
16. Stakeholder Management Cycle
Regular communications that keep stakeholders
informed and involved
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 16
17. Stakeholder Engagement Matrix
Stakeholder Unaware Resistant Neutral Supportive Leading
Fred Jackson C D
Bill Mauk C D
George Wall C D
C = Current engagement level
D = Desired engagement level
• Unaware of project/potential impacts
• Resistant to change, but aware of project
• Neutral, neither resistant nor supportive
• Supportive of change and aware of project
• Leading, actively engaged in ensuring
project success
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 17
18. Risk Terminology
Risk appetite: Amount of risk an organization,
project, or individual is willing to accept in seeking
a reward
Risk tolerance: Amount of risk an organization,
project, or individual will put up with
Risk threshold: The relative point along the
continuum of uncertainty and impact that
represents the shift from acceptable to
unacceptable.
At some point, the potential impact of an uncertain event
may make a risk too great.
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 18
19. Why is the Charter Important?
Gives the project manager
authority
Formally recognizes the project
States project goals and
objectives
Lists in scope and out of scope
items or features
Commits the organization’s
resources to the project
Is signed by the sponsor
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 19
20. Identify a Change Control System
Receive change
request form
Enter request in
change log
Analyze need/
benefit of
change
PM: Analyze
impact of
change
CCB: Accept
change?
No
Update
change log
(decline)
Process complete
Update
(change log)
Notify requestor
Integrate change
into project
management plan
Yes
Notify requestor
Implement change
Update project documents
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 20
21. Stakeholders and Requirements
For projects
A stakeholder is anyone who has a vested interest in
the project or product.
For requirements elicitation
There is specific interest in any stakeholder who can
provide requirements directly or knows where to get the
requirements.
From requirements elicitation
Project managers can begin to understand what exact
features or functions stakeholders expect the project to
deliver.
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 21
23. Communications Management Plan
Includes:
Stakeholder communication requirements
Information to be communicated (format,
content, level of detail, etc.)
Reason for communication
Time frame and frequency
Person responsible for communication
Person responsible for authorizing
communication
Who the receivers will be
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 23
24. Communications Management Plan (cont.)
Includes:
Methods/technology
Escalation process
Methods of updating
Glossary of common terms
Flow chart
Constraints
Guidelines for project status/team
meetings, emails, and e-meetings
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 24
25. Learn More
Recommended Global Knowledge
Courses
Project Management Fundamentals
Business Analysis Essentials
Managing Competing Stakeholder
Priorities
Program Management
Request an On-Site Delivery
We can tailor our courses to meet
your needs
We can deliver them in a private
setting
Visit Our Knowledge Center
Assessments
Blog
Case Studies
Demos
Lab Topologies
Special Reports
Twitter
Videos
Webinars
White Papers
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 25
26. Questions?
Daniel Stober
DanielStober@ProjectFirstInc.com
http://www.globalknowledge.com/#business_training
© 2014 Global Knowledge Training LLC. All rights reserved. 9/26/2014 Page 26
27. Thank You for Attending
For more information contact us at:
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