QualityHU

  Managing Stakeholders Have you ever heard the phrase “the stakes are high"? When we talk about “stakes,” we are referring to the important parts of a business, situation, or project that might be at risk if something goes wrong. To hold a stake in a business, situation, or project means you are invested in its success. Every successful team needs strong leadership and membership and program managers need to be able to manage stakeholders successfully as project managers need to deal with the specific tasks and activities of the project itself. Technical problems are not hard, people are hard and it’s inevitable that we run into a situation when we need to deal with difficult stakeholders. Let’s review quickly the steps for managing stakeholders: Steps for Managing Stakeholders Step 1: Identifying and analyzing stakeholders which is the process of identifying and analyzing the people, teams, or organizations that could impact or be impacted by a decision, activity, or outcome of