Stakeholder Management
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Stakeholder management supports an organization's strategic objectives by interpreting and influencing both the external and internal environments and by creating positive relationships with Stakeholder (corporate)|stakeholders through the appropriate management of their expectations and agreed objectives. Stakeholder Management is a process and control that must be planned and guided by underlying Principles.Stakeholder management, within business or projects, prepares a strategy utilising information (or intelligence) gathered during the following common processes: * Stakeholder identification - Interested parties either internal or external to organisation/project. A stakeholder map is helpful for identifying the stakeholders. * Stakeholder analysis - Recognise and acknowledge stakeholder's needs, concerns, wants, authority, common relationships, interfaces and align this information within the Stakeholder Matrix. * Stakeholder matrix - Positioning stakeholders according to the...
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