A Study on Stakeholder Management of an Engineering Project

Abstract

Projects include people that may impact or be impacted by the project. If these people are not involved in the development of the project, then the project is unlikely to be successful. For the management of any Engineering project, stakeholder management is necessary for effective project relationships. Different stakeholders have different views and expectations, which calls for change and without a proper management system it can disrupt the flow of the project. The project manager needs to identify the various stakeholders and prepare a plan for their involvement in the project. This includes understanding their interest, power, and influence on the project. It is far easier to hand over deliverables to informed stakeholders when compared to someone who is unaware, which therefore leads to easier closure. The stakeholders can also help identify new risks and help understand existing ones. This study aims at formalizing the process of stakeholder management for optimum project delivery.