PMcrunch

In thinking about shareholder management or investor management, especially in today’s volatile environment, I see a big parallel with stakeholder management.  In essence stakeholders are the investors in our projects.  Stakeholders hold a “stake” in our projects.  Stakeholders, just like investors, have different levels of investment or interest in our projects.  We must think of [...]

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Tough challenges demand detailed analysis and affective decision-making. However, almost always it takes time to turn around a bad situation. While we all know that it will take time for the worldwide economic turmoil to iron itself out, recent stock market surges demonstrate and the reaction of investors to those surges illustrate how mindsets can be changed almost overnight.

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A great question that we can ask ourselves as project managers is, “Would we invest in our projects”? This is probably the single best indicator, if we are honest with ourselves, as to the health of our projects, our positions, our teams, our organizations and more. Here is a look at an investment perspective to managing projects.

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Do you know who your project stakeholders are? Effective communications and expectation management starts with understanding the needs of various project stakeholders. To aid in identifying project stakeholders, eight categories are described.

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The “devil is in the details” is one of the keys to success in contract management and contract negotiation. Project leaders and project teams will be able to most effectively communicate when they take the time to understand the details fo the contract. Only then will they be able to leverage their soft communication skills to execute on a contract successfully.

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