Project Management Essay Example | Topics and Well Written Essays - 3000 words - 2

Project Management - Essay ExampleThey can be defined as groups or individuals having interest in the project and that interest can be good or bad influence the results of the project Pinto (2010) . In that case stakeholder analysis can be apply to identify and resolve some of the conflicts that arise while introducing any newfound project. This analysis is used to make strategies to make the stakeholders impact positive on the project. roughly stake holders can have varying impacts on projects ranging from drastic impact to little impact. For example Pinto (2010), gives an example by explaining that government can strictly dress the sales of any tobacco project by implementing different rules and regulations while on the other hand a software development company whitethorn not face that strict rules and regulations by the same stakeholder.Every stakeholder has own take aim which may be in conflict with other stakeholders demand and the conflict of demands may prove to be challe nging for the project manager (Kuenkel et al, 2011). For example, a team of any project working to repair a new software across organization can go for many revisions to check the satisfaction of their customers and in doing so may make other stakeholders uneasy by rescheduling the deadline again and again that might be a challenge for the project manager. In these cases, the project manager needs to balance the demands of all the stakeholders by maintaining verifying relationship among all the stakeholders.There are two types of stakeholders i.e. internal stakeholders much(prenominal) as top management, accountant, project team members and other functional managers. External stakeholders such as clients, competitors, suppliers, environmental, political and other invervenor groups (Pryke, 2006). Internal stakeholders are important in a stakeholder analysis and usually they affect the project positively because in almost cases the internal stakeholders want the project to be succe ssfully completed (Poonia, 2010). External