What should you focus on when managing the stakeholders of your project?

Successful execution of a project is the main goal of stakeholders. One should focus on this goal by taking necessary actions and following practical steps towards it.

b-Address  issues. Resolve the issue, Meet their expectation and interest

The answer is :

Option: D- Ensure stakeholder value.

Option-D Ensure a Stakeholder Value

Strategies for effective stakeholder management

In the age of social media activism and online media, effective stakeholder management is more important than ever.

The influence of stakeholders on your project can be immense, and if not managed correctly, could lead to project delays, resource drain, political intervention or project termination.

Effective identification, understanding and management of your stakeholders, their triggers and their expectations will improve your ability to reduce risk, tailor mitigation measures and deliver a successful project.

Five strategies that will help you manage your project’s stakeholders are:

1. Stakeholder mapping

Early in the project, conduct a thorough stakeholder analysis to identify your stakeholders. Identify and examine key factors including proximity to your project, demographics, interest in the project, needs and concerns, expectations of your project and any previous public statements.

Also important is gaining an understanding of your internal stakeholders, such as immediate staff, suppliers and contractors, broader companies or alliances and shareholders. Mapping your internal stakeholders will allow you to investigate whether you have the right resources and whether your team will function effectively.

2. Influence is key

Understanding levels of influence will allow you to predict how a particular stakeholder may interact directly with your project team or with others. The range of possible influence is broad, from positive sentiment and support through to activism and engagement of other community members against your project.

To measure the possible influence of your stakeholders, identify their level on a scale ranking from high, medium to low:

High: indicates a stakeholder who has significant power to impact decisions, timeframes, or outcomes.

Medium: indicates a stakeholder with a significant interest in the project, however with a lower level of power to effect project change.

Low: indicates a stakeholder with little ability to change project outcomes.

3. Identify the triggers

Stakeholders will react in different ways to different project actions, however by identifying triggers and mitigation measures, you can avoid preventable complaints. Often, it is when stakeholders experience changes to their environment or expectations of a business and its behaviour that may cause a reaction.

Correlate your stakeholder list with potential known triggers, such as loud or dusty construction works, visual amenity impacts or disruptions to their normal patterns. Estimate the impact that these reactions may have to your project or strategies and identify whether targeted communication, mitigation or an alternative solution is required.

4. Look for opportunities

From a risk management perspective, it is tempting to focus on those stakeholders most likely to cause disruption to the project. Equally important are those stakeholders who view your project favourably or may benefit from it. Identify these stakeholders and investigate opportunities to leverage their positive perception as project advocates.

5. Proactive mitigation

With a solid understanding of your stakeholders, their influence and triggers, the next step is to develop a mitigation plan. This step details the risks you are prepared to accept, share or avoid and outlines how you can reduce their impact.

Identify early what are your negotiables and non/negotiables. This may include minor changes to alignment, preferred noise mitigation measures, differing construction techniques or haulage routes. Working with your stakeholders through this process will also improve project buy-in, credibility and ownership of the mitigation measure.

A stakeholder in a project is anybody who will be affected or might be affected or who might affect the project. 

I think that stakeholder management is all about managing the expectations of persons or organizations who fall under the project's footprint.

It is about identifying the risks and managing those risks as the project rolls out. Managing risks becomes managing expectations of stakeholder groups. Risk Mitigation is a needed skill required in all Projects, and requires a strategic approach. 

Meeting expectations, is the critical factor in managing stakeholders.

Drawing and develop an implementation plan for lawmaker

Determine the appropriate time to start and implementation of the project

  Identifying success factors

Identify problems that may have exposure during the implementation of the project to avoid them from falling

Develop a budget for the implementation of the project

Identify the success factors or some known to benefit from the projects fail

  Preview required to activate the market project

  Select the desired used in the project raw material

Preview every step after implementation in the market

Excellent & insightful submissions by Mr. Carlvon & Mr. Achmad. I also agree with the other experts submissions.

Thanx for the invitation

ITS OPTION D

in my opinion :)

Thanks

It is A : Ensure the order of phases

Staf, budget, resources, tasks implementation, complete on due date.