Bsbwor501 Capstone Project

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Throughout a project’s lifecycle, the project is ever changing and by nature fluid. Therefore, project managers should be able to recognize changes and challenges from the start until the end of the project and assure that the stakeholders and the project team are continually updated as needed with issues and the progress being made throughout the project. The project manager is responsibility is to communicate efficiently along with the application of communication throughout the entire project along with identifying risks, addressing the risks and mitigating those risks. By incorporating a communication plan, the project manager will need to seek what kind of communication is required, what communication is necessary for stakeholders, how often the communication is required and what information is necessary to communicate. PMI (2013), effective communication means that the information is provided in the right format, at the right time, to the right audience, and with the right impact. Consequently, the project manager is accountable for designing a communication plan which provides the necessary information including maintaining, assessing, and updating the plan when changes occur throughout the project’s lifecycle.
Identifying Stakeholders
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Due to the diversity of stakeholder’s involvement in a project, a project manager can utilize a stakeholder’s analysis to group stakeholders by their level of authority, level of interest, and their level of influence in the project’s success or premature conclusion. Example of a Stakeholders Power/Interest Grid is listed