Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Accordingly, the stakeholders fall into two categories-positive stakeholders, who will normally benefit from the success of the project, and negative stakeholders, who see some form of disadvantage coming from the project. The implications obviously are that the positive stakeholders would like to see the project succeed and the negative stakeholder's would be happy if the project was delayed or even better cancelled.
For ex: let us say, your state government wants to build a Government Hospital in your city. It is a good thing right? You, the citizens of your city and the chief minister are all positive stakeholders of this project. Lets say there is a private Hospital in the city that is having a thriving business currently. They would be negative stakeholders because, if the government hospital comes up, their business will be affected and hence they would be happy if the government scraps its project.
Negative stakeholders are often overlooked by the project manager and the project team, which increases the project risk. Ignoring positive or negative project stakeholders will have a damaging impact on the project. Therefore, it's important that you, as the project manager, start identifying the project stakeholders early on in the project. The different project stakeholders can have different and conflicting expectations, which you need to analyze and manage.
If you dont identify all stakeholders at the initial stages of the project, there are very good chances that your project will fail because the missed stakeholders may create issues that may spoil the chances of the projects success
It is important to complete projects within an agreed timescale because it guarantees that the project will get done on time. Having a timescale to complete a project also allows workers to plan how they will accomplish the goal.
IT (Software) Projects fail because of:Unclear project goalsUnclear definition of the project successLack of user involvementLack of stakeholder supportBad project managementSource: http://www.pmhut.com/most-it-projects-fail-will-yours
There are several reasons for conflicts:- Team conflicts (conflicts between team members)- Schedule conflicts- Stakeholder conflicts
Jos Vaessen has written: 'Dealing with stakeholder values in the evaluation of development programs' -- subject(s): Economic development projects, Evaluation
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Some reports associated with projects include stakeholder assessment, human resource plan and communications plan. All of these documents are essential to completing the project successfully.
Why is it importance in formulating NSTP projects
Yes. becouse this is my homework today. Answer two: It is important to have all the sewing tools and equipment you need for the projects you might be interested in doing. There are many tools that are specific to a certain use, and if you don't do that type of work, you will not need that tool.
The government workers.
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