Answer The Following Questions To Analyze The Issue

Answer The Following Questionsanalyze The Issu

Answer the following questions. Analyze the issues involved with initiating a project. Inspect the six processes of project Integration management. Provide an original example of using a weighted scoring model. Evaluate how stakeholder interest and influence impact stakeholder management.

Share a justification for the processes of Stakeholder management. Assignment Requirements Most questions are typically answered in about one paragraph or less, although this will vary. Write the question first, followed by your response, using a Question and Answer format. Use structured communications applied by project managers when they are appropriate, such as numbered lists or tables.

Paper For Above instruction

Initiating a project marks the foundation for its success or failure. The issues involved include defining clear objectives, identifying stakeholders, assessing resources, and evaluating potential risks. This phase requires careful planning to align project scope with organizational goals. Challenges often stem from unclear objectives, stakeholder disagreements, or resource limitations, making it essential to establish a solid project charter and preliminary scope statement. Addressing these issues early helps mitigate risks and sets a clear direction for subsequent project phases.

The six processes of project Integration Management are: Develop Project Charter, Develop Project Management Plan, Direct and Manage Project Work, Manage Project Knowledge, Monitor and Control Project Work, and Perform Integrated Change Control. These processes ensure that project activities are aligned with strategic goals and that changes are systematically managed. For instance, the Develop Project Charter formally authorizes the project, providing authority and a shared understanding among stakeholders. An example of using these processes involves initiating a new software development project, where the project manager first creates a charter based on stakeholder requirements, then develops a comprehensive management plan that coordinates development, testing, and deployment activities, ensuring overall project cohesion.

A weighted scoring model is a decision-making tool used to evaluate and prioritize options by assigning weights to different criteria based on their importance. For example, when selecting a new supplier, criteria may include cost, quality, delivery time, and reputation. Each criterion is scored for each supplier, then multiplied by its respective weight. Suppose Supplier A scores high on quality but low on cost, while Supplier B offers competitive pricing but lower quality. By applying weighted scores, the organization can choose the supplier that best fits its strategic priorities, making the decision more objective and transparent.

Stakeholder interest and influence significantly impact stakeholder management. Interested stakeholders are those who are affected by the project, while influential stakeholders have the power to affect project outcomes. High-interest, high-influence stakeholders require close management and ongoing communication, as their support or opposition can determine project success. For example, a senior executive with a vested interest in a project’s success and high influence must be engaged proactively. Conversely, stakeholders with low interest and influence can be monitored with less intensive communication. Effective stakeholder management involves identifying these dynamics and tailoring engagement strategies accordingly to ensure project alignment and support.

The justification for stakeholder management processes lies in the necessity to engage stakeholders effectively to ensure project success. Proper stakeholder management reduces resistance, manages expectations, and facilitates resource allocation. It involves systematic identification, analysis, planning, engagement, and monitoring of stakeholders' interests and influence levels. By establishing a structured process, project managers can foster stronger relationships, anticipate and mitigate conflicts, and ensure stakeholder needs align with project objectives. This comprehensive approach increases the likelihood of project acceptance, supports smoother communication, and ultimately contributes to achieving project goals efficiently.

References

- Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). PMI.

- Merrow, E. W. (2011). Understanding Program Management: Critical Issues and How to Address Them. Wiley.

- Schwalbe, K. (2018). Information Technology Project Management (9th ed.). Cengage Learning.

- Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling (12th ed.). Wiley.

- Turner, J. R. (2014). Handbook of Project-Based Management. McGraw-Hill.

- Cleland, D. I., & Ireland, L. R. (2007). Project Management: Strategic Design and Implementation. McGraw-Hill.

- Larson, E., & Gray, C. (2017). Project Management: The Managerial Process (7th ed.). McGraw-Hill Education.

- PMI Organizational Knowledge Management. (2020). Stakeholder Management Strategies in Projects. PMI.

- Heldman, K. (2018). Project Management JumpStart (3rd ed.). Wiley.

- Schwalbe, K. (2019). Managing Projects with Microsoft Project (8th ed.). Cengage Learning.