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Project Management - Stakeholder Risk Management
Home :: Business :: Management
By: Tris Brown Email Article
Word Count: 863 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

What we do to leverage our supporters and minimize the effect of our opponents will depend upon the answers to the questions above. The more we know about our stakeholders, the better we can plan to work with them. One thing is certain: ignoring them will sap their support and inflame their opposition, so plan for communication.

Rapid changes in information technology continue to bring us new ways to flood our stakeholders with data, but that doesn’t necessarily make us effective communicators. Who needs information? What information? How often? In what format? These questions form the basis of your communication plan. As you develop your communication plan remember these two tips:

1. Positive personal relationships are the foundation of effective communication. Personal relationships magnify the value of the technology we use to deliver information. 2. Use two or more mediums of communication for every stakeholder. For example, meetings should be accompanied by documentation.

The Secret to Success What’s the secret to risk management? Do it. Proactive, systematic risk management means finding the problems before they find you. Risk management doesn’t have to be complex, but it does have to be disciplined. The same holds true for our stakeholders. Understanding who they are and what they want often isn’t that difficult. The key is to be proactive, to reach out, and influence them before they influence you.

About LSA Global Since 1995, LSA has helped organizations create and maintain distinct competitive advantages through human capital.

We work with leading organizations to drive success through their people and the strategies, structures, systems, and processes that attract, inspire, develop, and retain top talent. Our solutions focus on the areas of:

Sales Revenue Growth Leadership and Management Performance Human Resource Performance Strategy Execution and Transformation Customer Service, Satisfaction, and Loyalty Project Management Performance Engineering Performance

We believe our clients’ success in the marketplace is realized through increased revenue, decreased costs, and higher productivity. We are fiercely devoted to the success of our clients and proud that over 85% of our business comes from repeat business with satisfied clients and that we have a 97%+ customer satisfaction rating.

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Know more about Project Planning and Project Risk Management at: www.LSAGlobal.com. Copyright © 2008 Learning Alliance Corporation DBA LSA Global All Rights Reserved.

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