Elective-Lesson Reviewer
Elective-Lesson Reviewer
Elective-Lesson Reviewer
Business Owners
Business owners definitely need to have some project
management skills. With all successful businesses, the
product or service being delivered to the customer meets
their needs in many ways. The product or service is of
the quality desired, the costs are aligned with what the
consumer expected, and the timeliness of the product or
service meets the deadline for the buyer of that item.
2.Planning Phase
The next phase, the planning phase, is where the
project solution is further developed in as much
detail as possible and the steps necessary to meet
the project’s objective are planned. In this step, the
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4.Closing Phase
During the final closure, or completion phase,
the emphasis is on releasing the final deliverables to
the customer, handing over project documentation to
the business, terminating supplier contracts,
releasing project resources, and communicating the
closure of the project to all stakeholders.
The last remaining step is to conduct lessons-
learned studies to examine what went well and what
didn’t. Through this type of analysis, the wisdom of
experience is transferred back to the project
organization, which will help future project teams.
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Stakeholder Management
- A stakeholder is anyone who has an interest in
or is affected by the project. This can include both
people within the organization and those outside of it.
Types of Stakeholder
1.Internal Stakeholder
-These are individuals or groups within the
organization who are directly involved in the
project and have a vested interest in its succes.
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2.External Stakeholder
- These are individuals or groups outside the
organization who are impacted by or have
influence over the project but are not directly
involved in day-to day operations.
Importance of
Stakeholders
Why
stakeholders
are important?
- Managing stakeholders effectively ensures
project alignment with business goals and helps in
identifying risks early
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