The 7P’s of Stakeholder Management

Effective stakeholder engagement is the center of every project and requires effort to see the desired results. Strategies from the Institute of Project Management ensure our clients’ stakeholder engagement is at its best. 

• Purpose: Clarify why engagement matters for the project, the stakeholders’ perspective of success, and the authority they bring to the name. Project managers should always differentiate between contributors with decision-making power and those who simply evaluate progress and advise. 

• People: Pinpoint everyone with stakes in the project that will be impacted by the results it yields

• Process: Assess stakeholder interest and authority so that the right people can be targeted in communication and execution standards

• Pace: Create and communicate a realistic and effective engagement cadence

• Planning: Curate a detailed plan that documents roles and resources to schedule checkpoints with stakeholders that keep them updated

• Passion: Enthusiastically commit to fostering supportive stakeholder relationships

• Performance: Track how engagement will affect outcomes and make necessary adjustments in all impacted areas. It could be refreshing communication plans to create better flow or revisiting stakeholder registers if positions have changed.

Stakeholder engagement is one of our most consistent performers because we understand how crucial it is to every project. These strategies have gotten us results that have not only sustained relationships but have made a significant impact on our stakeholder approach.