Lecture IV

The most valuable and least used WORD in a project

manager's vocabulary is "NO"

The most valuable and least used PHRASE in a project

manager's vocabulary is "I don't know" 1

 Recap : LectureV

Project Management Framework

Knowledge Areas - Process Groups - Processes

Project Lifecycle
Product Life cycle
Change control mechanism
CCB

2
Stakeholders Influence OverTime

3
Project Stakeholders

4
Moslow’s Theory of Need Hierarchy

5
 Project Stakeholders

Individuals and organizations who are involved in

the project,
or
whose interests may be positively or negatively
affected as a result of project execution or
successful / unsuccessful project completions

6
Stakeholders Management Steps

7
 Stakeholders Identification
(Categories)
Internal stakeholders: Individuals or groups within the project and the
corporation

–project manager
–project team
–sponsors

External stakeholders: Individuals, groups or institutions outside the

corporation that may influence the outcome of the project or may be
influenced by it

–Corporate Interfaces (parent org. partners)

–Financial Interfaces
–Government Interfaces
–User / Operator Interfaces 8
 Stakeholders Identification
(Types)
Primary Stakeholders: People or groups who are ultimately impacted either
positively (beneficiaries) or negatively (such as people who may feel they have
something to lose as a result of a particular decision or project, such as power or
access to resources)

Secondary Stakeholders: People or groups who have a role in the decision-

making process without being directly affected by the outcome. These are
usually intermediaries

 Key Stakeholders: Those who can significantly influence a project, or who are
critical to the success of a project

9
 Assessing Stakeholder Power
Examples:
1. Positional e.g. authority
2. Resource e.g. control, obtain and create thereby
influencing
3. System e.g. network power via connections
4. Expert e.g. through expertise and reputation
5. Personal e.g. charisma and personality

10
Plotting stakeholders can determine their
potential influence…

Mendelow Matrix [1991] 16

Stakeholder Register

12
Stakeholders Expectations

External Factors

InItnetrenrnaallFFaacctotrosrs

13
Example of External Factors

14
 ASSIGNMENT NO 2
Identify the stakeholders of Gawadar Port Development Project and discuss
the factors which stalled the project in the perspective of Project Stakeholder
Management and Engagement.

 Marks 05

 Preamble of Project

 Identify and list maximum stakeholders involved

 Factors which resulted in stalling the project keeping in view the success / fail
factors for a project

 Perspective of Project Stakeholder Management and Engagement should be

the focus

 To be submitted in hard copy ( computer printout)

 Keep it short and precise
 Not more than 3 pages
 No fancy bindings
 To be submitted in next Lecture – Late submission not accepted.