STAKEHOLDER

MANAGEMENT
Group (18)
Kaung Set Tun

Who are Stakeholders?

Astakeholderis the "person, or organization that is actively involved

in the project, or whose interests may be positively or negatively
affected by execution or completion of the project. A stakeholder
may also exert influence over the project and its deliverables.

Examples of Stakeholders in Construction Project:

Client/ Developer

Architects

Design Engineers

Project Manager

Project Team Members

End Users

Government Bodies

Stakeholder Management

Stakeholder Management is the systematic identification,

analysis, planning and implementation of actions design to engage
with stakeholders.

3 Steps Process of Stakeholder Management

1) Identify Project Stakeholders
2) Assess Stakeholders Interest and Influence (Stakeholder Analysis)
3) Understand and Manage Stakeholders

1. Identify Project Stakeholders

2. Assess Stakeholders Interest and

Influence (Stakeholder Analysis)

Analysing your Stakeholders is crucial to the success of your

Project. Stakeholder analysis is a systematic way to analyse
stakeholders by their power and interest.

After Analysing, We can prioritize who to focus.

3. Understand and Manage

Stakeholders

Establish Communication Plan. It is important for stakeholders

and management to communicate throughout the course of the
project on a regular basis. This ensures that all will be actively
engaged and ensure smooth sailing during the course of the
project.

Manage expectations and minimize surprises.

Involve key players in getting decisions made, and sharing those

decisions.

Provide regular status reports so that stakeholders can track the

Project Development and get feedback of the progress.