'Extent to Which an Organization Meets the Objectives of Different Stakeholders.\r'

'A person, group, organisation, or brass who affects or can be affected by an organizations actions. ” A â€Å" proletariat stakeholder” is defined as â€Å"a person, group or organization with an interest in a project. ” That could mean a sponsor (an executive, customer, supplier, agency, and so on that is sponsoring / funding the project), upper management, a project manager, and others. Whoever has a â€Å"stake” in the project? In come outing to perform good project management, you need to both manage and meet stakeholder expectations. The result of the project should contact their expectations for what will be delivered at the end of the project.Why would an organization look at project management bundle to help them with that? Certainly project management computer software cannot in and of itself meet stakeholder objectives, but it is a son of a bitch that is in the propose Managers arsenal to facilitate shock objectives. Here are some exp ressive styles that organizations character it for this purpose: -Providing a mechanism for stakeholders to check on the status of the project (such as task and record completion). -Providing a collaborative platform to interact and control interactions, such as via a blog. Sending proactive reports, such as cost, schedule, and issue data. In addition, project management software can help the Project Manager and other managers ensure that a) the project squad understands the stakeholder expectations (perhaps by having a project description or attaching a key project document), and b) the project group is currently on the right path to collision those objectives. How you utilize project management software depends on your particular needs, objectives, and culture, but meeting stakeholder objectives is one way to demonstrate the value of a good tool.In order to meet its objectives, the organization needs to know the concourse and/or the groups affected by, or affecting, its wor k †the stakeholders. subtle who your stakeholders are will help you to: •Understand the personal effects of your activities, whether they were anticipated or unexpected, positive or negative. •Identify, and therefore respond to, their concerns and the issues they raise. There are all kinds of ways of doing this †a list, a chart, putting people and organizations on a geographic map, or making a ‘mind map’ (a technique for arranging ideas and their interconnections visually)\r\n'