Stakeholder Management

Stakeholder management is the process of identifying, prioritizing, and engaging stakeholders throughout the lifecycle of a project, program, or activity.

Stakeholders are any individuals, groups, or organizations that can affect, or be affected by a project, program, or activity.

• Improve communication and collaboration ⤵

• Manage expectations ⤵

• Mitigate risks ⤵

• Increase the likelihood of success ⤵

Stakeholder management can be a complex process, but it is essential for success.

• Here are some of the key steps in stakeholder management:

  1. Identify stakeholders. The first step is to identify all of the stakeholders who could be affected by the project, program, or activity. This can be done by brainstorming, reviewing documentation, and talking to people who are familiar with the project.

  2. Assess stakeholder needs and interests. Once the stakeholders have been identified, it is important to assess their needs and interests. This will help to determine how to best engage them and manage their expectations.

  3. Develop a stakeholder engagement plan. The stakeholder engagement plan should outline how and when the stakeholders will be engaged throughout the project, program, or activity. It should also identify the communication channels that will be used.

  4. Implement the stakeholder engagement plan. The stakeholder engagement plan should be implemented throughout the project, program, or activity. This may involve regular communication, meetings, and workshops.

  5. Monitor and evaluate stakeholder engagement. It is important to monitor and evaluate stakeholder engagement on an ongoing basis. This will help to identify any areas where improvement is needed.

By effectively managing stakeholders, organizations can increase their chances of success.