Stake Holder Management Article Review

Pages: 2 (654 words)  ·  Bibliography Sources: 1  ·  File: .docx  ·  Level: Master's  ·  Topic: Business - Management

Stakeholder Management

Assessment and Summary of Project Stakeholder Management

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Assessing the relative contributions and roles of stakeholders while also determining the best possible strategies for enabling higher levels of stakeholder trust is one of the many findings from the study Project Stakeholder Management (Karlsen, 2002). The author has completed an empirical study of project management professionals in his native nation of Norway, relying on a stratified sample of industries as the sampling frame. His methodology is based on a series of hypotheses centered on the creation of a new methodology for stakeholder management. Using a 5-point Likert Scale to measure stakeholder influence and perception of collaboration including trust across stakeholders by industries, the researcher creates a foundation for their defined stakeholder management process. This approach provides empirically-derived data showing how trust is an accelerator of effective stakeholder management and that a project manager must have a high degree of emotional intelligence to sense and create these interrelationships throughout the duration of a project. The research methodology and resulting analysis defines stakeholders as clients, end users, contractors, consultants, labor unions, line organizations, public authorities, financial institutions, insurance companies, controlling organizations, media, third parties and competitors (Karlsen, 2002). The author and researcher has set three primary goals for their research which includes defining which stakeholder is most important to a given project; which stakeholders cause the most uncertainty and problems to a project; and what should be developed to improve project stakeholder management overall (Karlsen, 2002).

Assessment and Summary of Project Stakeholder Management

Article Review on Stake Holder Management Assignment

Project management professionals often are conflicted as to which stakeholders to give the most attention to, and in so doing, provide them with greater control over a project. The results presented in Project Stakeholder Management indicate that all stakeholders have an equal potential to disrupt a project, and that this approach of attempting to mitigate interruptions is of limited value (Karlsen, 2002). The author and research contends that stakeholders must be given the opportunity to be… [END OF PREVIEW] . . . READ MORE

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Stake Holder Management.  (2013, March 30).  Retrieved April 1, 2020, from https://www.essaytown.com/subjects/paper/stake-holder-management/4090496

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https://www.essaytown.com/subjects/paper/stake-holder-management/4090496.