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  • Essay / Stakeholder Involvement in Project Development - 894

    Projects require people because they are the people who conceive the project idea. This goes beyond designing the project plan, approving it, executing it, and closing it out. People are touched by the outcome of the project. Whether the project implements a new software system, a new business unit, or a new bridge, there will be an impact on people. All of these people are stakeholders (Roeder, 2013). Freeman, Harrison, and Wicks (2007) assert that business can be understood as a set of relationships between groups that have an interest in the activities that comprise the business. Business is about how customers, suppliers, employees, financiers (stakeholders, bondholders, banks, etc.), communities and managers interact and create value. Customers, suppliers, employees, financiers, communities and managers are all key elements of today's business organization. The project management team must identify stakeholders, determine their requirements, and then manage and identify those requirements to ensure project success. Identifying stakeholders is often difficult. The main stakeholders in each project include: The project manager: This is the person responsible for managing the project. Customers are the individuals or organizations who will use the project product. There can be several levels of customers. Project team members are the group that performs the project work and sponsors the individual or group within or outside the performance organization that provided the financial, cash, or in-kind resources , for the project (Project Management Institute, 2000) Walker, Bourne & Shelley (2008) classify stakeholders into four groups: upstream stakeholders, downstream stakeholders, mid-paper stakeholders. .....ication and analysis techniques. Retrieved February 25, 2014 from Learning Ace website: http://www.learningace.com/doc/1063225/288b1243f6fcc2df3c41c39785930c60/stakeholder_identification_analysis_techniques Twyford, V. and Baldwin, C. (2006). United Nations Environment Program Dams and Development Project: Stakeholder Engagement. Retrieved February 25, 2014, from the United Nations Environment Program website: http://www.unep.org/dams/files/compendium/Report_SP.pdfSchmidt, P. (2012). Stakeholder involvement in the rehabilitation of former uranium mining sites International case studies. Retrieved February 25, 2014, from the International Atomic Energy Agency website: http://www.iaea.org/OurWork/ST/NE/NEFW/WTS-Networks/ENVIRONET/environetfiles/WkpRemediationInfrastructure_GERMANY_Dec2012/WkpRemediationInfrastructure_GERMANY_Dec2012-Stakeholder_Involvement_Schmidt .pdf