PMP Training Stakeholders What is Project Charter A

PMP Training Stakeholders

What is Project Charter A formal document issued by the sponsor that authorizes the project and the project manager. It provides the high level requirements for the project

Project Charter What includes ? Project Title and Description-(Briefly describe the project) Project Manager Assigned and Authority Level Business Need Project Justification ◦ A simple, high level description of what is the project. ◦ (The name of the project manager, and whether he or she can determine budget, schedule, staffing, etc. ). ◦ (Why is the project being done? – ◦ day-to-day decisions keeping that business need in mind. ◦ (On what financial or other basis can we justify doing this project? ) ◦ Can provide the project manager with a measure of success if the justification proves valid.

Project Charter What includes ? Resources Pre-Assigned Stakeholders Stakeholder Requirement as Known- Product DescriptionDeliverables ◦ (How many or what resources will be provided? ◦ (who will affect by, the project (influence the project) as known to date? ◦ This is the sponsor's impression as to who are the stakeholders. ◦ Stakeholder analysis comes later in the project management process. ◦ (What are the requirements related to both project and product scope? ◦ These are the requirements that have been used to justify the project. ◦ ◦ What specific product deliverables are wanted, What will be the end result of the project) A measure of project success is that all the deliverables are met. Is it a report or a design? Should the design be tested, or just created?

Project Charter What includes ? Constraints and Assumptions ◦ Are there any limiting factors? ◦ is anything assumed to be true that may not be true? ◦ Constraints can be cost-related (complete the project for no more than $100, 000) ◦ Time-related (complete the project by May 1 st). Assumptions need to be reviewed throughout the project, since an assumption that is proven not to be true will cause changes in scope and other parts of the project management plan.

Project Stakeholders Individuals and organizations that are actively involved in the project, or whose interests maybe positively or negatively affected as a result of project execution or project completion

Stakeholders

Project Stakeholders Project Team Client Busines s Partner Members Peers Project Manage r Org. Committ User Supplier Project Sponsor Senior Mgt

Managing Stakeholders Expectations Different Stakeholders have different objectives Differences among stakeholders should be resolved in favor of the customer One of the major challenges of project management

Organizational Influences Organizational system – manage projects for other, or manage its own projects. Organizational cultures and styles – most organizations have different shared values, norms, beliefs, and expectations Key general management skills – leading, communicating, negotiating, problem solving, and influencing the organization. Social-economic-environment influences – standards and regulations, internationalization, and cultural influences Organizational structure – functional, matrix, or projectized organizations

Stakeholder influence over time Influence of stakeholders High Cost of changes

Identify and Manage Stakeholders ◦ People and organizations that involved in or impacted by the project can positively or negatively impact the project

Identify and Manage Stakeholders can include ◦ Sponsor , provides funding and support the project ◦ Management ◦ PMO , provides templates, lessons learned, guidance and may be resources ◦ Project Manager ◦ Functional Manager ◦ Team ◦ Customers , Provide product scope, approve changes ◦ End Users ◦ Public ◦ Funding Sources

Identify and Manage Stakeholders Involved departments What decisions Who makes them What they use to make them The system users ◦ Determine requirement ◦ Implement requirement The 3 project Managers ◦ Historical problems ◦ Do and don'ts

Identify and Manage Stakeholders So the stakeholders could include; ◦ ◦ ◦ ◦ Owners of the company Standards Users of the system who will make critical decisions based on it Project Managers of the other projects Sponsor Team Project Manager PMO ( if exists) ◦ Management ◦ Accounting Department ◦ Finance Department

Identify and Manage Stakeholders Identify Each Stakeholder by Name The management of stakeholders is not general specific to the needs of the individuals involved. ◦ Some will need to involved in clarifying the project scope ◦ , some might have expectation that have not been put into requirements for the project, which will need to be discovered ◦ Some will need included in the project reporting cycle. Therefore, stakeholder need to be listened by name, rather than by department, whenever possible.

Identify and Manage Stakeholders It is a Preventive measure ◦ Why ? Can avoid ◦ ◦ ◦ Added project changes and delays Misses requirements Added conflict Loss of expertise Rework Lower quality

Identify and Manage Stakeholders Useful Tricks ◦ When the stakeholders is the whole department ◦ How you make sure you identified all

Identify and Manage Stakeholders Estimate Each Stakeholder's Level of Influence Each stakeholder will have some level of influence on a project, During planning and managing a project, the manager will be have to juggle the needs of competing stakeholders. Knowing their influence levels will help handle this juggling. Not all influence is related to job position. To determine influence, simply put a 1 to 10 rating next to each stakeholder's name. It does not have to be scientific

Identify and Manage Stakeholders What Will Satisfy Each Stakeholder? Satisfaction is a very sophisticated to manage. What is more important ◦ measuring the "happiness" of stakeholder ? ◦ making sure the project meets requirements?

Identify and Manage Stakeholders "I expect this project will not interrupt my department's work, "I expect the system will be dramatically improved as a result of the project Turn expectation to requirements

Identify and Manage Stakeholders In addition to project requirements, stakeholders have expectations such as : ◦ ◦ Impact on them On their department The company as a whole Hidden intentionally ?

Identify and Manage Stakeholders Is the project team a stakeholder ? Product of project will solve their problem Get released from the project because too busy Grow reputation Bored with their current work Get a promotion Leave work on time because of commitments It does not interfere with project “ yalla” that they are working on and interested in

Identify and Manage Stakeholders Uncover communication references when Identifying stakeholders ◦ You never told me ◦ Never got your email , etc. .

Identify and Manage Stakeholders Stakeholder Level of Influence What will make them satisfied? Ask team members opinion Communication requirements

Identify and Manage Stakeholders Throughout The Project: Involve stakeholders in planning the project and managing it more extensively than you might be doing on your projects. ◦ May be involved in the creation of the project charter ◦ Preliminary and project scope statement.

Identify and Manage Stakeholders may become risk response owner, and also involved in: ◦ ◦ ◦ Finalizing requirements. Project management plan development. Approving project changes. Scope verification Identifying constraints. ◦ Other parts of risk management.

Identify and Manage Stakeholders PM should continue doing the following: ◦ Identify any stakeholder, and include their needs in the stakeholder list. ◦ Make sure all stakeholders' needs are met, including those of the team, by including interactions with stakeholder in the project manager's management activities. ◦ Create and use recognition and reward systems. ◦ Keep tract of stakeholder's issues and document their resolution.

Identify and Manage Stakeholders How to identify new stakeholders ◦ When there is a change request ◦ An agenda item in team meetings

Identify and Manage Stakeholders Make sure stakeholders needs are met ◦ A project manager knows that some of the team members felt strongly that certain scope should have been part of the project. ◦ Anticipating that the team might continue pressing to get the scope added, the project management communicates the following at the first team meeting. "During planning, there were number of suggested pieces of scope that were specifically determined not to be part of this project. I will be looking for any attempts to be add them back into the project"

Identify and Manage Stakeholders ◦ During requirement gathering, a stakeholder expressed concern about how much of her staff's time would be needed on the project. “While finalizing the project management plan, the project manager contacts her and says, " You know by now that some of your staff will be needed on this project. However, I understand your concern. I have designed our project 's monthly report clearly to show you when and how much of your staff time needed. Will this help you to manage your department and minimize the negative impact of this project on your department".

Identify and Manage Stakeholders Exercise: A project manager is working on a project with 14 stakeholders who need to be involved and kept updated on the project. As the project manager, what would you do to fulfill those needs?

Identify and Manage Stakeholders Send copy of the project reports ? Invite them to your team meetings Special reports geared to the stakeholders interest ◦ Add things stake holder did to help project Call for a meeting for all stakeholders –progress update meeting

Identify and Manage Stakeholders Why bother ? Being proactive Preventive

Identify and Manage Stakeholders Thank you makes you feel GOOOOOD

Identify and Manage Stakeholders creating a recognition and reward system. ◦ Offer a prize to the stakeholder who makes the biggest contribution. ◦ Say "thank you" regularly ◦ Award prizes as Team Member of the month recognition, or cash prize for performance. ◦ Recommend team member for raises of choice work assignments, may not be officially part of the team members' performance reviews. ◦ Send notes to the stakeholders' manager about great performances.

Identify and Manage Stakeholders ◦ Plan for milestone parties or other celebrations. ◦ Acquire training for the team member paid from the project budget ◦ Adjust the project to assign people to requested activities or to remove them from disliked activities. ◦ Work with management to have a team member removed from the project if requested, and if it is possible. ◦ Assign a team member to work where he or she can gain more knowledge.

Identify and Manage Stakeholders what is an Issue Log? A record used to track issues on the project, their status, and their resolution. Issue # Issue Date Responsibility Due by Solution Stakeholder