Question

Think of a managed project or a project for which you were a member of the team. For that particular project:

Identify three key stakeholders who were involved in or affected by the project.
Describe the selected project. Include the names of the sponsor and project manager their functions.
Identify three key stakeholders who were involved in or affected by the project and why you included them
What was the attitude of each key stakeholders interest in the project and how did you perceive their attitudes that relate to the success or failure of the project
Describe each stakeholder's function or relationship it had for the project. Include each stakeholder's level of interest or concern in the success or failure of the project.
Describe the level of power of each of three stakeholders influencing the project outcome.
Describe another aspect that you can monitor about stakeholders that would help you better manage and plan your project.Identify what the potential benefit of a project manager can be obtained from the collection and analysis of the above information in order to effectively manage and plan your future projects.

Answer 1

Answer 1
The three key stakeholders who were involved in the project are-
1. Suppliers
2. Employees
3. Investors
Answer 2
The selected project was to complete outdoor advertising of the company which had a a retail outlet dealing in customers and selling consumer durable goods. The name of the sponsor was 1 India family Mart.
Answer 2B.
The function of the project manager in this project was as follows-
1. Timely completion of the project
2. Ensure that all the activities has been divided among the team members.
3. Daily feedback from the team members regarding the stages of work completion
4. Solving the problems faced by them during the execution of project.
5. Coordinating with senior team members and communicating with them the details of the project.
Answer 3
The three key stakeholders who were involved in the project and why I included them was-
1. Investor- investor was included in the project because the project required large amount of money to be invested, so I needed an investor who had invest money and wait for some days until the payment is done by the company.
2. Employees- employees was included in the project because they are the people who are responsible for completing the project and if they are not involved the project will never be completed.
3. Suppliers- suppliers are important in the project because it is the suppliers who are responsible for supplying the material in order to execute the project. They have to ensure timely supply of material related to the project otherwise the project will not be completed in the given time duration.

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