LSA Global Insights Newsletter: October 2014

October 31, 2014

3 Proven Steps to Better Manage Project Stakeholder Risks


Is it really true that on time, on budget and fulfilling all requirements means project success?

Whose requirements are we really trying to meet anyway?

And who decides if the original due date can be changed when the scope grows?

In this article we'll address the key people swirling around your project: stakeholders. You'll find some tips and other resources for optimizing stakeholder involvement in your project. "Who cares?" "What do they care about?" "What am I going to do about it?" Those are the three simple questions a project team can ask to understand their stakeholders and develop a strategy for keeping them happy.

As we developed an interactive workshop on stakeholder management built on those three questions, one of our project management experts put all the pieces together when he said, "That's just risk management for people." We think he's right.

Review this classic risk management process. Can you see the parallel?

  1. Identify risks.
  2. Analyze and quantify the risk.
  3. Develop a risk response.
So on your next (or current) project, consider treating your stakeholders as opportunities or threats and follow the three proven tips in this article to manage and exceed expectations of who matters most to your success.

Read More about Managing Stakeholder Risk

About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned

Take a 10-minute Alignment Research Survey


Take a 10-minute Alignment Research Survey & Get an Exclusive Copy of the Results

When it comes to strategy, IBM found that less than 10% of well formulated strategies are effectively executed. When it comes to culture, a recent Harvard study found that as much as half of the difference in operating profits between organizations in the same industry can be attributed to culture. When it comes to talent, you need look no farther than the Oakland A's and Moneyball to understand what differentiated talent strategies can mean to your business.

Take our 10-minute Alignment Research Survey to get key business insights and a chance to win a $100 Amazon.com gift card.

Companies perform better when their strategy, talent, and culture are aligned. Help your company by getting exclusive insights into how the alignment of strategy, culture, and talent impact performance when it matters most by understanding if:

  • Your strategy is clear enough to act
  • You are creating a high performing culture
  • You have the right talent practices in place
You'll receive a complimentary copy of the Results and be entered into a drawing to win one $100 Amazon.com gift card. All responses are confidential.

Get started here: http://www.lsaglobal.com/alignment-survey

About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned