Stakeholder identification and engagement play a pivotal role in ensuring the success of any project. Without garnering the support of key stakeholders, your project outcomes may be compromised. Here, we delve into a comprehensive stakeholder management strategy and best practices. 

Key Components of Stakeholder Management 

Stakeholders encompass various individuals and entities, including the project sponsor, project team, intermediaries, and those impacted by project outcomes. Understanding their interests, impact, and aligning them with project goals is crucial to making your project successful. 

Institutionalizing Stakeholder Management 

Institutionalizing a common stakeholder registry template and a standardized approach for stakeholder analysis is imperative. This involves capturing comprehensive stakeholder details and determining critical parameters for project success. 

As a project manager, you will likely find it helpful to identify a champion stakeholder, someone experienced and respected, can provide invaluable guidance throughout the project lifecycle. Additionally, providing regular progress updates, preparing stakeholder analysis matrices, and using them to tailor communication and engagement strategies are essential steps. 

Best Practices of Stakeholder Management 

Implementing leading project management best practices can significantly enhance the efficiency of each project phase. This includes realistic project charter preparation, effective stakeholder management strategies, and utilizing tools and frameworks for seamless project execution. 

About the Author

As a Master Degree in Science in Project Management from the University of Québec , Richard is a dynamic bilingual professional with more than 25 years of progressively senior leadership experience in various industry sectors such as retail, construction, non-profit organizations, research and development, information technology and government. Richard holds various designation such as Project Management Professional (PMP), Certified International Project Manager (CIPM), Certified Master Project Manager (MPM) and Information Technology Infrastructure Library (ITIL). Richard is also known as a reputable and knowledgeable instructor in project management in both English and in French in class and virtual.