Strategic Context and Stakeholder Management Essay Example
Strategic Context and Stakeholder Management
Floyd Dudley, Karen Govea, Anthony Hester,
Charles Hobbs, Joyce Joiner and Richard Paige
CPMGT: Strategic Project Management
University of Phoenix
May 26, 2008 Strategic Context and Stakeholder Management
A strategic emphasis is critical to Project Managers and the projects they select. “Projects, as building blocks in the design and execution of organizational strategies provide the means for bringing about realizable changes in products and processes” (Cleland and Ireland, 2002).
Team A will discuss strategic context which is defined as a set of plans a company develops to produce a mission statement, strategic goals, key strategic issues, interim adjustments to the strategic plan, a budget and key strategy impacts. These items help the company fine tune its overall strategic plan. This plan is used in tandem with project selection.
Team A will also discuss why stakeholder management is so important. Cleland and Ireland say that “stakeholder management is an important part of the strategic management of organizations” (Ch 6, p. 161, 2002). “The management of a project’s stakeholders means that the project is explicitly described in terms of the individuals and institutions that share a stake or an interest in the project” (Cleland and Ireland, 2002).
Finally, Team A will examine various organizational strategies and tactics the company uses to manage projects; describe how project management relates to these organizational strategies; analyze project selection criteria in the context of strategic management within this organization; describe the identification and management of project stakeholders; include an evaluation of the primary and secondary stakeholders; and describe the structure of the organization and what impact that structure has on the management of the project.
Organizational strategies to manage projects
Fidessa categorizes projects based on their potential for business continuity
Floyd Dudley, Karen Govea, Anthony Hester,
Charles Hobbs, Joyce Joiner and Richard Paige
CPMGT: Strategic Project Management
University of Phoenix
May 26, 2008 Strategic Context and Stakeholder Management
A strategic emphasis is critical to Project Managers and the projects they select. “Projects, as building blocks in the design and execution of organizational strategies provide the means for bringing about realizable changes in products and processes” (Cleland and Ireland, 2002).
Team A will discuss strategic context which is defined as a set of plans a company develops to produce a mission statement, strategic goals, key strategic issues, interim adjustments to the strategic plan, a budget and key strategy impacts. These items help the company fine tune its overall strategic plan. This plan is used in tandem with project selection.
Team A will also discuss why stakeholder management is so important. Cleland and Ireland say that “stakeholder management is an important part of the strategic management of organizations” (Ch 6, p. 161, 2002). “The management of a project’s stakeholders means that the project is explicitly described in terms of the individuals and institutions that share a stake or an interest in the project” (Cleland and Ireland, 2002).
Finally, Team A will examine various organizational strategies and tactics the company uses to manage projects; describe how project management relates to these organizational strategies; analyze project selection criteria in the context of strategic management within this organization; describe the identification and management of project stakeholders; include an evaluation of the primary and secondary stakeholders; and describe the structure of the organization and what impact that structure has on the management of the project.
Organizational strategies to manage projects
Fidessa categorizes projects based on their potential for business continuity