I’ve decided to write an overview of project sponsorship to help you and other managers to explore the definition and role of the project sponsor and identity the key duties and responsibilities. This article is first and describes the definition, relationships and pitfalls of project sponsoring. I plan to write a series of articles about project sponsorship. Please keep track of the website updates to read all the articles about this topic.
In the previous article we described two major steps for engaging key stakeholders in project implementation. Now we are going to talk on how to establish productive relationships with key stakeholders. We will focus on the key points for developing a strategy for managing stakeholders.
Effective stakeholder engagement planning is a necessary part of the project implementation process to identify the level of stakeholders’ influence on the project, state their intentions and develop a strategy for managing the overall engagement process. In this article we will talk about the key steps of stakeholder engagement planning. There are two key steps for engaging stakeholders in project implementation. Please view the descriptions of the steps below.
Stating the project scope requires developing the project deliverables statement that describes the product/service to be produced at the project’s completion. Meanwhile, there is also a need to set up the scope for the product and define its key characteristics (features and functions). In this article we will talk about the product scope statement and also describe the three steps for managing stakeholder requirements.
Business Case is one of the primary documents that allow summarizing the need for launching a project and analysing possible alternatives. Throughout the lifecycle of the project this document is used to show the project justification and reasonability. In the Initiation Phase, Business Case is used as a way for making decisions on initiating the project, setting primary goals and defining the cost-benefit ratio.